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'Swiss Challenge Procedure' for unsolicited proposals: Govt.

12 August 2016 08:36 am - 3     - {{hitsCtrl.values.hits}}

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The Cabinet has approved the use of what's known as the 'Swiss Challenge Procedure' in future to entertain unsolicited proposals for project implementation.

It is a system adopted by some countries when selecting private sector investors for this purpose.

This is a departure from the Government's assurance to follow the competitive bidding procedure to ensure transparency.

The Cabinet Paper says that it is a new selection process popular in many countries when selecting private sector investors to engage in development projects when proposals are presented by them without offers being called for by the government.

Then, other investors are called upon to make better offers than the original one and if a better offer is offered, the original investor is invited to match it. The Cabinet will draft the necessary guidelines to be followed in this regard. (Kelum Bandara)

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  • Unchikun Friday, 12 August 2016 11:02 AM

    Opening a beehive for curruption . We know the mentality of our patriotic politicians.

    Citizen Friday, 12 August 2016 11:39 AM

    This will surely open the floodgates to massive scale corruption

    Ayyo Friday, 12 August 2016 01:20 PM

    Very much suitable for Lankan style politicos. Nice


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