Single bid for national highway projects will be acceptable: Morth

Regarding reasonableness of the prices, the circular said the evaluation committee may examine the rates taking into consideration the comparison with the similar contracts awarded elsewhere

The National Highways Authority of India's (NHAI) plan to switch to satellite-based toll collection system will not just eliminate the physical toll booths and the road congestion, but will also offer a significant opportunity to insurance companies
Representative Picture
Press Trust of India New Delhi
1 min read Last Updated : Aug 29 2024 | 1:24 AM IST

Ministry of Road Transport and Highways (MoRTH) on Wednesday said that even a single bid for national highways work will be considered if it is reasonable.

As per the circular, the bidding process will not be cancelled if there is only one bidder for a highway project.

"Even when only one bid is submitted, the process should be considered valid, provided the procurement was satisfactory advertised and sufficient time was given for submission of bids, the qualification criteria were not restrictive and prices are reasonable in comparison to market value, " it said.

Regarding reasonableness of the prices, the circular said the evaluation committee may examine the rates taking into consideration the comparison with the similar contracts awarded elsewhere.

The purchase price of similar contracts may be updated taking into consideration inflation during the interim period, geographical conditions etc, it added.

The circular said the purchase price of similar contracts may also be corrected to match the carriage of materials required for the instant projects vis-a-vis carriage of materials in the project being compared.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Ministry of Road Transport and HighwaysHighwaysNHAINHAI projects

First Published: Aug 29 2024 | 1:24 AM IST

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