Delhi government approves Swiss Challenge method for award of contracts

The decision was taken in a Cabinet meeting chaired by Chief Minister Arvind Kejriwal.

Delhi government approves Swiss Challenge method for award of contracts
NEW DELHI: Delhi government has approved ' Swiss Challenge' scheme which aims to award project works to bidders having best ideas to execute them.

The decision was taken in a Cabinet meeting chaired by Chief Minister Arvind Kejriwal.

A senior official said that in first phase, government has decided to implement the scheme in nine sectors - transport, tourism, environment, communication, housing etc.

"In foreign countries, the Swiss Challenge has been very successful. Government will have rights to award tenders to those bidders who could also give best ideas," the official said.

The official added that government can also reject even first bid of those who don't have best ideas.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › Delhi government approves Swiss Challenge method for award of contracts
Text Size:AAA
Success
This article has been saved

*

+