Finance ministry orders scrutiny of bids 30% below estimate
In short
The finance ministry has told government agencies to check bids that are more than 30% below the estimated cost.
It says these low bids need scrutiny and written explanations if there are doubts about whether the bidder can do the work at that price. The rule is meant to protect service and product quality in government buying.
What the reporting says
The finance ministry has made government agencies scrutinise bids that are more than 30% below estimated cost in public procurement. The Department of Expenditure defined abnormally low bids and asked for written clarifications when concerns arise about a bidder's ability to deliver at the quoted price. The move is meant to protect the quality of services and products bought by the government.
Why it matters
The finance ministry has tightened procurement checks by requiring agencies to review bids more than 30% below the estimated cost. The Department of Expenditure has defined abnormally low bids and directed officials to seek written clarifications when execution concerns arise. The policy is aimed at improving quality in government contracts and could affect suppliers bidding for public work.