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A budget is the total projected costs needed to complete a project over a defined period of time. It’s used to estimate what the costs of the project will be for every phase of the project.  The budget will include […]

As per section 3 (3) of the Competition Act, 2002.   Bid rigging” means:  any agreement between enterprises or persons engaged in identical or similar production or trading of goods or provision of services. which has the effect of eliminating […]

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 […]

Project Report Comprises of; • Detailed analysis of the project • An expert prepares the report before the investment in project is done • The report assesses the demand for proposed product/service • Works out cost of investment and profitability […]

Feasibility Analysis: • First stage in project formulation • Examination to see whether to go in for a detailed investment proposal or not • Screening for internal and external constraints Conclusion could be: • The project idea seems to be […]

Project pre investment study or project formulation is essential in examining the most critical aspect of project before making the investment. The Project Formulation exercise is done with a view to 1.Understand various dimensions of the project from a very […]

Negotiation Negotiation is a process through which each party tries to achieve their goals in the context of the relationship with the other party. Negotiation can support the Borrower in achieving the optimum Fit for Purpose solution, as Negotiation allows […]