Government Amends Public Procurement Act to Ensure Quality Infrastructure Development
Summary
The Nepali government has amended the Public Procurement Act to promote quality infrastructure development by prioritizing average bidding and decentralizing variation order authority, aiming to end low bidding and stalled projects.
Key Points
- The government amended the Public Procurement Act, 2063, to ensure quality infrastructure development within stipulated timeframes.
- The amendment prioritizes the average bidding system, preventing bids more than 30% below estimated cost from being evaluated.
- Authority for project variation orders has been decentralized to speed up approvals and reduce administrative delays.
- Stakeholders anticipate the amendment will revive stalled projects, improve contract execution, and benefit the broader economy.
