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Govt planning to curb irrational bidding by firms
Business Standard
|September 22, 2025
To prevent companies from sub- mitting unrealistic quotes to bag project contracts, the government is planning to soon roll out a mechanism to curb irrational bidding.
To prevent companies from submitting unrealistic quotes to bag project contracts across industries, the government is planning to soon roll out a mechanism to curb irrational bidding.
Ithasbeen observed that such behaviour either distorts the bidding process and its price discovery function or lead to project delays when non-serious players bagcontracts. AccordingtoTarun Kapoor, adviser to the PM, the problem is more acute in sectors like mining where cases of 1,000 per cent bid premium being quoted by companies have been observed, or in areas like roads and highways where the L1 bid is irrationally low.
He said the new mechanism will strike a balance between curbingirrational bidding behaviourandease of doing business.
This story is from the September 22, 2025 edition of Business Standard.
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