Industry experts have hailed the government’s move to dismantle the L1 or least cost selection method as the only bidding format for the selection of bidders to execute projects. The department of expenditure’s public procurement division on October 29 issued guidelines allowing all non-standard works and non-consultancy services to be bid out under the quality-cum-cost-based Selection (QCBS) method. (Photo Credit: Moneycontrol.com)
