India, Nov. 12 -- The tendering process for the procurement of DI pipes by the Haryana Public Health Engineering Department, under a two-year rate contract, poses a significant risk of financial loss to the state. This approach could ultimately be detrimental to the public exchequer and contrary to the best interests of the State of Haryana.

While a price variation clause is included in the contract, it does not provide adequate protection against fluctuations in market dynamics. A clear example of this risk materializing can be seen in the Rate Contract no. 99/HR/RC/E-2/2023-24/4256-59 dated 17.07.2024 w2hich was valid up to 17.07.2025. In this instance, DI pipes worth nearly 800 crores were procured at inflated prices in February 2025 ...