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Amaravati: Only top 60% firms can take part in auction

Amaravati: Only top 60% firms can take part in auction
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Chief Minister Y S Jagan Mohan Reddy taking part in a riview meeting with officials from various departments in his camp office at Tadepalli on Wednesday
Highlights

Chief Minister Y S Jagan Mohan Reddy has taken another key decision on the reverse tendering procedure on Wednesday.

Amaravati: Chief Minister Y S Jagan Mohan Reddy has taken another key decision on the reverse tendering procedure on Wednesday. Accordingly, the government will allow only five companies or 60 per cent of the top companies to participate in the reverse tendering auction from among those who participated in the bidding.

Allowing top 60 per cent means if there are 10 companies which participated in the bidding, then the government will allow the top six companies to participate in the reverse tendering. In this procedure, the top companies will be selected as L1 to L6. This decision has been taken to increase the transparency in reverse tendering procedure and encourage competition among the participants, the officials said.

In fact, as per the new system, any contract worth Rs 100 crore or more shall undergo judicial preview from January 1. Till then, the present e-procurement will continue. The Chief Minister interacted with officials from various departments at his camp office in Tadepalli on Wednesday.

''By submitting the tenders worth Rs 100 crore or more for judicial preview, we have brought revolutionary changes,'' he reportedly told officials.

The same kind of reforms should be brought in the government services, works, purchases worth more than Rs 10 lakh and below Rs 100 crore, said Jagan.

The Chief Minister ordered display of details in the e-procurement website for one week of those who have bid for the tender at low cost. He instructed the officials to adopt reverse tendering not only for state tenders but also district tenders. The packages should also be in such a pattern as to enhance the competition and participation, he said.

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