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        Corp. Laws, SEBI & IBC

        CCI emphasises the need for encouraging Competitive practices in public procurement

        October 10, 2012

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        Press Information Bureau

        Government of India

        Ministry of Corporate Affairs

        10-October, 2012 12:54 IST

        The Financial Advisors and key Government officers handling the procurement aspects in the Govt. have been advised to encourage competitive practices in public procurement and framing competitive coherent govt. policies. Inaugurating a Conference on “Curbing Deficit through Effective Competition in Public Procurement” in the Capital today, Shri Ashok Chawla, Chairman of the Commission emphasised about the competitive imperatives required in the govt. policies in general. He also gave suggestions to introduce and increase competition and transparency in the procurement practices that could also help in reducing fiscal and revenue deficit of the government.

        The Conference was attended by more than 100 representatives from more than 30 ministries/ departments of the Central Government. Notably, CCI has already organised workshop with Nodal Officers of Central Ministries/ Departments on Competition Coherent Government Policies earlier this year.

        Shri Ashok Chawla asked the procurement agencies to be alive to market information and optimise and maximise the bidders to ensure healthy competition. He also advised the procurement officers to be well aware of the technical specifications, tender process and ensure evaluation of the bidding process so as to have a competition compliant public procurement.

        ***

        RC/nb

        Competitive practices in public procurement urged to increase transparency, broaden bidder participation and ensure competition-compliant processes. Encouragement of competitive practices in public procurement is recommended to enhance transparency, broaden bidder participation, and align procurement with fiscal discipline. Procurement authorities should design solicitations using market information, structure tenders to maximise competition, and ensure familiarity with technical specifications, tender processes and evaluation methodologies so that bid assessments remain competition-compliant.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Competitive practices in public procurement urged to increase transparency, broaden bidder participation and ensure competition-compliant processes.

                                Encouragement of competitive practices in public procurement is recommended to enhance transparency, broaden bidder participation, and align procurement with fiscal discipline. Procurement authorities should design solicitations using market information, structure tenders to maximise competition, and ensure familiarity with technical specifications, tender processes and evaluation methodologies so that bid assessments remain competition-compliant.





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                                ActsIncome Tax
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