Government to scrutinise bids priced 30% below estimated cost

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Government agencies are now required to examine any procurement bids quoted more than 30 percent below estimated cost. Bidders submitting such unusually low offers must explain them so authorities can judge whether the work is viable. Each case will be assessed on its own merits, and these bids will not be rejected automatically. The finance ministry says the change is intended to bring greater transparency and consistency to public procurement.

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