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Government amends procurement regulation allowing contractors to bid in projects beyond their scope
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Kathmandu, June 13 -- Nearly a month after introducing a provision of barring contractors from participating in bids beyond their capacity, the government has reversed the decision, paving the way for contractors to occupy multiple contracts at a single time.
A single contractor firm occupying a large number of contracts going beyond its capacity has been one of the key reasons behind project delays. Through the latest amendment (seventh) to the Public Procurement Regula-tion, the government has removed the provision that was brought through the sixth amendment just a month ago.
The previous amendment stated that a contractor can participate in a bid only up to the amount four times of its average annual turnover in the past five years....
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