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ABNORMALLY LOW BIDS
Ensure availability of food to health personnel deployed on forest route to Sabarimala: Kerala HCThe Kerala High Court has directed the state government to ensure food availability for essential personnel at Sabarimala. The court's orde...- Government mandates scrutiny of 'abnormally low bids' in procurements, sets thresholdThe finance ministry has issued a new directive regarding government procurement processes concerning bid evaluations. Government agencies ...
- India has the hair, China has the wigs: Inside a $940 million tradeIndian hair has emerged as a sought-after commodity on the international stage, prized for its vibrant hues and high quality. Yet, the coun...
- Andhra Pradesh High Court orders review of Re 1, other extremely low defence bidsThe court ruling came in a case concerning the development-cum-production partnership (DCPP) model of the Defence Research and Development ...
- Higher performance guarantees from lower bids in highway projects: Road transport ministryThe government is tightening rules for highway project bids, demanding higher performance guarantees for offers exceeding 30% below origina...
- EU bars Chinese firms from most medical device tendersThe European Union plans to restrict Chinese firms from bidding on EU medical device contracts. This action follows concerns about fair mar...
- Road ministry imposes additional performance security on low bidsThe move, which will increase the cost of projects for the bidders, is aimed at doing away with the trend of abnormally low bid prices in n...
- EU launches investigation into Chinese medical device marketThe European Commission initiates an inquiry into Chinese procurement of medical devices, suspecting unfair access for European suppliers. ...
- Road ministry to release excess performance security deposit to contractors to ease liquidity crunchThe ministry of road transport and highways, in a notification said it will extend the provision of capping the additional performance secu...
- Road contractors set for a decline in margins: CRISILMargins will be a decadal low this fiscal but despite the fall, the credit profiles of road EPC players will remain stable. This is support...
- Project cost is now the only parameter for awarding HAM highway projectsAccording to Burla, O&M is a critical aspect in HAM projects as the future annuities depend on proper upkeep of the road. O&M failure is a ...
- Additional performance security to be levied in cases of abnormally low bids for making highwaysIn November 2020, the Finance Ministry had issued guidelines that removed the additional performance security to be taken from bidders the ...
- Deutsche ready to be NPS custodian for just Rs 100/yearIn an ultra-aggressive bid, Deutsche Bank is willing to accept a fee of just ₹100 a year for being the custodian of India's pension fund wh...
- Deutsche Bank ready to be NPS custodian for just Rs 100 per yearThe existing custodian, Stock Holding Corporation of India, a large depository participant owned by public financial institutions, charges ...
- Higher competition in road sector can impact quality: India Ratings and ResearchInd-Ra said that increased competition in the road sector in FY21, resulting from the National Highways Authority of India's (NHAI) initiat...
- NHAI for special monitoring of projects with ‘abnormally low bids’It has been made mandatory for officers concerned to take steps to ensure the contractors deploy required resources and they review monthly...
- Sebi puts data analytics project on hold for nowThe regulator scrapped the tender last month as six out of the eight shortlisted firms did not submit the final bids, they said.
- Private power transmission companies move CCI, regulator against power grid pricingCompanies have alleged that the central utility has unfair competitive advantages given its access to low-cost funds and government support.
- Tecpro Systems pricing not predatory: CCICCI has said that Tecpro Systems did not engage in predatory pricing, clearing it of the charges of anti-competitive practices.
- Oakland says to sue leading banks over collusionThe Californian city of Oakland said on Tuesday it would sue leading financial institutions.
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