PWD to curb speculative bidding for projects
A key feature of the measure is the additional performance guarantee (APG).
In tenders where the lowest quoted bid falls more than a specified percentage of the estimated cost, it will be treated as unworkable.
The bidder will be required to submit an APG equivalent to the difference between the quoted rate and the threshold percentage. The guarantee will be over and above the security deposit.
Work will be awarded to such lowest bidders only after the submission of the APG. Failure to comply within the specified timeframe will result in the cancellation of the award and debarment of the bidder, an official said.
The primary goal is to eliminate speculative bidding, ensure that serious contractors participate, and improve overall efficiency and quality of public works.
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Officials said the step was taken to enhance transparency and quality control in public infrastructure work.
Over several months, PWD has observed a trend when certain bidders, primarily focused on acquiring tenders, rather than executing them efficiently, quoted abnormally low rates, often well below the department's estimated project costs, an official said.
While such bids appear competitive on paper, they often result in delays, poor work, or in some cases, abandonment midway, he said.
Minister Parvesh Verma said: "This decision is not just about financial safeguards, it's about accountability and respect for public funds. When a contractor quotes an unreasonably low amount and fails to deliver, the common man suffers due to delays. Our goal is to ensure that every rupee spent translates into durable, timely and high-quality public works." To instill greater sense of responsibility among bidders, Verma announced the APG.
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