KartavyaDesk

How is 'substantially higher' determined when comparing bid prices to the updated cost estimate?

GeneralWORKS_MANUALPara 5.6.8

The definition of 'substantially higher' is not explicitly defined in the rule. It is up to the procuring entity to determine what constitutes a significant deviation from the estimated cost, considering factors like market conditions and the nature of the project. A pre-defined percentage threshold for cost escalation can be defined in the procurement manual.

Source: WORKS_MANUAL Para 5.6.8

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This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.