E-system in effect to make public procurement transparent
Kathmandu, March 13: The Public Procurement Monitoring Office and Commercial Bank of ‘A’ Category signed a Memorandum of Understanding Sunday to bring the electronic procurement system to effect.
Secretary Sharma shared that the public procurement works being carried out under the Nepal Drinking Water Corporation, Department of Irrigation, Department of Local Infrastructure Development and Agricultural Roads (DOLIDAR) would be put in accordance with the system in first phase.
According to the newly-launched system, the public procurement monitoring office accepts bidding once the commercial firms or contractors involved in any tender process roped in banking system giving all necessary information to this effect.
The system has been put in place so as to ease the works of Public Procurement Monitoring Office, ‘A’ category commercial banks and contractors.