Rule 174 — GFR
Original Rule Text
Rule 174 Efficiency, Economy and Accountability in Public Procurement System. Public procurement procedure should ensure efficiency, economy and accountability in the system. To achieve the same, the following keys areas should be addressed:
(i) To reduce delay, appropriate time frame for each stage of procurement should be prescribed by the Ministry or Department.
(ii) To minimise the time needed for decision making and placement of contract, every Ministry/Department, with the approval of the competent authority, may delegate, wherever necessary, appropriate purchasing powers to the lower functionaries.
(iii) The Ministries or Departments should ensure placement of contract within the original validity of the bids. Extension of bid validity must be discouraged and resorted to only in exceptional circumstances.
(iv) Deleted.40 [Amendment notes: 39 Amended vide Department of Expenditure (DoE), Ministry of Finance (MoF) OM No. F.1/3/2024-PPD dated 10.07.2024 | 40 Deleted vide DoE OM No. F.1/26/2018-PPD dated 02.04.2019.]