Ministry reviews reference prices on govt projects

By The Nation

 

 

The Finance Ministry is to review reference prices for government bidding projects, with an aim to save funds in its annual budget.

 

Finance Minister Apisak Tantivorawong said on the sideline of the Asean Countries Public Procurement Knowledge Exchange Forum hosted by World Bank on Wednesday that he had assigned officials for this task.

 

He said e-bidding for government projects over the past three years could have saved up to Bt90 billion, or 10 -17 per cent of current reference price methodology.

 

“So I think we may be able to lower our reference prices for future bidding projects,” said Apisak.

 

Government agencies can not implement investment projects if bidders propose investment costs worth more than the reference price set by the government.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30331650

 

-- © Copyright The Nation 2017-11-15

Why do they go on with these stupid pretences? Who do they think they are kidding?

 

The chances for the winning bid is proportional to the size, weight and volume of the accompanying envelope.

Edited November 15, 20178 yr by Cadbury

Bet the local stationary has ran out of envelopes.

Hope he takes a hard look at the prices for the radar guns for speeding cars and Pattaya's budget for CCTV cameras.

4 hours ago, Cadbury said:

Why do they go on with these stupid pretences? Who do they think they are kidding?

 

The chances for the winning bid is proportional to the size, weight and volume of the accompanying envelope.

Many woukdnt even make it to that level as its kept 'all in the family' . Id be suprised if many 'new' companies dont suddenly spring up as projects reach tendering.

4 hours ago, kaorop said:

Many woukdnt even make it to that level as its kept 'all in the family' . Id be suprised if many 'new' companies dont suddenly spring up as projects reach tendering.

I am inclined to agree. Those new "family" connected companies will have it over those "honest" tenderers who lodge a "deposit' envelope with their tender. Such "deposits" will be like those landlord/tenant deposits and never seen again.