Article Link India’s finance minister Arun Jaitley announced three new initiatives on building infrastructure through the so-called public-private partnership (PPP) mode in the national budget he presented to Parliament on 29 February. The three initiatives are: Public Utility (Resolution of Disputes) Bill: It will shortly be introduced in the parliament to streamline institutional arrangements for… Continue reading Renegotiation of PPP contracts becomes a reality
A committee under Vijay Kelkar has suggested the revival of a defunct proposal to establish 3P India to support PPP projects. It also called for an amendment to the Prevention of Corruption Act (PoCA) to clarify the difference between cases of graft and genuine errors in decision-making. It also recommended setting up of independent regulators for… Continue reading Create 3P India, provide flexibility in PPP contracts
Governments use a variety of public procurement methods. Over time, many variants have got added to the much vilified LCM (least cost method), and QCBS (quality and cost-based selection) options. Recent creative additions in India include viability gap, reverse e-auctions, and hybrid annuity Swiss challenge is a procedure to award contracts , specially for government… Continue reading What is ‘Swiss challenge method’?