Construction Entrepreneurs Federation Chairman Pandey Expresses Confidence in Public Procurement Act Amendment
Summary
Nicholas Pandey, Chairman of the Federation of Construction Entrepreneurs of Nepal, expresses confidence that the second amendment to the Public Procurement Act will boost construction and state economic activity by increasing state spending capacity and addressing technical and legal hurdles.
Key Points
- Nicholas Pandey expressed confidence that the second amendment to the Public Procurement Act will benefit construction entrepreneurs and the state machinery.
- The amendment introduces 'average bidding' and 'rated criteria' to increase state spending capacity and qualified competition.
- Delays due to project site obstacles like tree cutting and EIA have caused billions in losses; the act addresses these delays.
- The amendment protects small entrepreneurs from exploitation by bureaucratic practices involving technical document misuse.
