Tenders in India – an introduction
Public procurement contracts in India are awarded by public
auction or tender. The principle underlying India's procurement
regime, and the basis on which public tenders are conducted, is the
acquisition of materials and services of specified quality at the
most competitive prices, in a transparent and non-arbitrary manner.
A number of different tender procedures are available to the
Government, including 'nomination-based tenders',
'electronic reverse auction', 'limited tender
enquiry' etc. The selection of the tender procedure is dictated
by the subject matter, value, technical complexity and nature of
the procurement. However, 'two-stage bidding' is the most
commonly adopted tender procedure (and in particular for highly
technical tenders).
