The TCP has issued the following press release: The news item published on Saturday, April 17, 2010 by a section of print media, appearing as "13.6 billion blue eyed boy of TCP' is misplaced and misleading. TCP being government agency is strictly following PPRA Rules, 2004 and has been floating tenders in pursuance to ECC decision to import sugar for sale at USC at subsidised rates to benefit general public.
TPC's current tender mentioned in the newspaper was floated on 10-03-2010 to be opened on 27th March, 2010 but was postponed to 17th April, 2010, due to shortage of funds. The tender on the date of news publication had neither been opened nor awarded.
The PPRA rules require international tenders four weeks duration for participation by all suppliers after which Bid Evaluation Committee consisting of four members evaluate and submit their recommendations after satisfying technical evaluation based on specifications of PSQCA published in the tender documents.
The Purchase & Price Evaluation Committee consisting of seven members then awards tender to the lowest bidder strictly in accordance with the PPRA rules. This is the most transparent way of public procurement of international tender basis. As regards to procurement on fixed prices compared to index base prices has remained under consideration only for government to government procurement, which still is under consideration with Ministry of Finance and Ministry of Commerce. The impression created by the news item is totally incorrect and strongly denied, the press release added.-PR
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