Latest Procurement Rules News & Updates

New Delhi, May 2 (IANS) In a bid to provide relief to contractors amid the fast-evolving West Asia situation, the government has allowed them to invoke ‘Force Majeure’ in view of disruptions, recognising “war” as a valid trigger under procurement rules.In an office memorandum, the Ministry of Finance said the prevailing conditions in West Asia should be treated as a war-like event for contractual purposes, enabling relief to contractors impacted by delays.Under the revised guidance, cont…