In order to bring transparency in the tendering process, the Punjab Agricultural Marketing Board, also known as the Punjab Mandi Board, has signed a memorandum of understanding (MoU) with state-run Indian Telephone Industries Ltd for implementing e-tendering. With this, the board became the first oraganisation in Punjab to implement the internet-based tendering.
The system will be functional from February 15. It is worth noting that board receives tenders to the tune of Rs 300-400 crore every year for construction and maintenance of mandis and rural roads. The proposed move is likely to benefit the contractors, who previously had to procure the tender documents by visiting the respective offices. [Via]
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