January 26, 2016 5:22 PM

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E-tender must from April 1 for govt purchases above Rs 2 lakh

All central ministries and public sector units will have to float e-tenders from April 1 for procuring goods and services above Rs 2 lakh . By this government aims to bring transparency in government purchases. <br/><br/>At present, e-procurement is mandatory for purchases of 5 lakh rupees or more. Government procures goods, services and work contracts.<br/><br/>In January last year, the Expenditure Department decided that the tender value limit of 10 lakh rupees spent in respect of e-procurement would be brought down to Rs 5 lakh from April 1, 2015. It further reduced down to Rs 2 lakh from April 1, 2016.<br/><br/>As per its instructions it is mandatory for all central ministries and public sector units to publish their tenders on the Central Procurement Portal (CPP) after a certain threshold limit.<br/><br/>So far in 2015-16, more than 4.7 lakh e-tenders have been floated entailing an amount of about Rs 3.49 lakh crore. Bulk of the tenders are floated by Railways followed by Central Public Works Department (PWD) and defence PSUs.

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