Nepal moves to introduce reverse auction system in public procurement to boost transparency and efficiency
▸ Part of: PM Balendra Shah Meets EU Diplomats to Discuss Nepal's Priorities and Cooperation
Nepal is preparing to introduce a reverse auction system in public procurement from the upcoming fiscal year to enhance speed, transparency, and cost-efficiency through digital bidding. Amendments to the Public Procurement Act have formally recognized this electronic system, with preparations underway for the online platform and operational procedures. This reform aims to shorten the tender process, improve accountability, reduce costs, and curb corruption risks by enabling real-time price competition among qualified suppliers.
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