Dhaka, Sept. 12 -- The government is set to make a major revision in the public procurement rules (PPR), eliminating the existing provision of 10 per cent price cap on the official estimation of any public procurement, officials said on Wednesday.

After the revision, the public sector procuring entities (PEs) would be barred from giving any cap on the tender price and the bidders would be allowed to quote real prices for procurement of any goods, works or services, Chief Executive Officer (CEO) of the Bangladesh Public Procurement Authority (BPPA) S M Moin Uddin Ahmed said.

At present, bidders cannot quote prices 10 per cent higher or lesser than the official estimation in government procurement. In case of exceeding such quoted prices,...