PWD Changes Bidding Rules for Infrastructure Projects

Imagine the government wants to build roads.

They ask companies to bid on the project.

Previously, if a company bid way lower than the estimated cost, they were automatically rejected.

Now, the government will consider these low bids, but the company has to promise extra money, called a guarantee, to show they can do the job well.

The lower the bid, the higher the guarantee.

If multiple companies bid the same low price, the government will pick one randomly.