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L1 To QCBS: New Government Bidding Norms Impact On Road, Infra Firms
India's QCBS norms are aimed at improving project quality, and avoiding delays and cost overruns.
11 Nov 2021, 11:15 PM IST
India has included quality and technical criteria while selecting final winners for select government tenders instead of just picking the lowest financial bidder, a move aimed at improving execution, and avoiding delays and cost overruns.The method, called quality and cost-based selection or QCBS, is a combination of quality scores and technical weight along with financial bids, according to guidelines issued in October end by the De...
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