Bidding documents are documents issued by the Procuring Entity to provide the prospective bidders all the necessary information that they need to prepare their bids.
Notice Inviting Tenders (NIT) is used in public procurement /purchasing in India.
Government procurement constitutes about 30% of the GDP of India.
Public procurement is governed by the General Financial Rules (GFRs) 1963 (amended in 2005and 2017) framed by the Ministry of Finance
COMPETITION ISSUES IN PUBLIC PROCUREMENT( Govt. tender)
•Cartelization/collusive bidding/bid-rigging.
•Restricting entry through entry barriers.
•Abuse of dominance.
•Competitive neutrality.
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Professional Practice Study notes for M. plan Sem-IV
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