Single Bid Acceptable for Highway Projects: MoRTH
By Rediff Money Desk, New Delhi Aug 28, 2024 17:59
MoRTH allows single bids for highway projects if they are reasonable and meet specific criteria, including price comparison and project specifics.
New Delhi, Aug 28 (PTI) Ministry of Road Transport and Highways (MoRTH) on Wednesday said that even a single bid for national highways work will be considered if it is reasonable.
As per the circular, the bidding process will not be cancelled if there is only one bidder for a highway project.
"Even when only one bid is submitted, the process should be considered valid, provided the procurement was satisfactory advertised and sufficient time was given for submission of bids, the qualification criteria were not restrictive and prices are reasonable in comparison to market value, " it said.
Regarding reasonableness of the prices, the circular said the evaluation committee may examine the rates taking into consideration the comparison with the similar contracts awarded elsewhere.
The purchase price of similar contracts may be updated taking into consideration inflation during the interim period, geographical conditions etc, it added.
The circular said the purchase price of similar contracts may also be corrected to match the carriage of materials required for the instant projects vis-a-vis carriage of materials in the project being compared.
As per the circular, the bidding process will not be cancelled if there is only one bidder for a highway project.
"Even when only one bid is submitted, the process should be considered valid, provided the procurement was satisfactory advertised and sufficient time was given for submission of bids, the qualification criteria were not restrictive and prices are reasonable in comparison to market value, " it said.
Regarding reasonableness of the prices, the circular said the evaluation committee may examine the rates taking into consideration the comparison with the similar contracts awarded elsewhere.
The purchase price of similar contracts may be updated taking into consideration inflation during the interim period, geographical conditions etc, it added.
The circular said the purchase price of similar contracts may also be corrected to match the carriage of materials required for the instant projects vis-a-vis carriage of materials in the project being compared.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Mishtann Foods L
- 9.84 (+ 9.94)
- 184493613
- Thinkink Picturez
- 2.13 (+ 4.93)
- 84583198
- Srestha Finvest
- 0.90 ( -4.26)
- 79660973
- Rajnish Wellness
- 1.83 ( -1.61)
- 61365296
- Vodafone Idea L
- 8.03 ( -0.62)
- 37608220
MORE NEWS
Bengaluru Commodity Market Rates Not Available...
Market rates for Bengaluru commodities, Mangaluru areca, and coconut are unavailable...
American Express Launches Sustainability...
American Express announces a 3-year sustainability initiative in India, focusing on...
Acme Solar Wins 250 MW Renewable Energy Project...
Acme Solar Holdings has secured a 250 MW renewable energy project in an auction held by...