Odisha Govt Removes Negative Bid Cap in Tenders | New APS System Introduced
Автор: Kanak News
Загружено: 2026-01-03
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The Odisha government has taken a major decision to improve transparency and execution of government projects. The earlier 14.99% Negative Bid Cap in the tender process has been completely removed. In its place, a new Incremental Additional Performance Security (APS) system has been introduced. The Works Department has issued an official notification regarding this change. The move aims to reduce financial stress on contractors and ensure timely and quality completion of projects across the state.
#OdishaGovernment #TenderReforms #NegativeBidCap #APSSystem #OdishaNews
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