New Delhi, Nov 11 (UNI) The union Finance Ministry now requires central government procurement auth

New Delhi, Nov 11 (UNI) The union Finance Ministry now requires central government procurement authorities to scrutinise bids that quote more than 30 per cent below the estimated cost, thereby establishing a uniform threshold for examining government purchases, services, and works contracts. The Department of Expenditure has amended the rules on Abnormally Low Bids (ALBs), now requiring procurement authorities to obtain written clarifications and detailed price analyses from bidders whose quotations fall below the threshold. The ministry, however, clarified that quoting more than 30 per cent below the estimated cost would not automatically disqualify a bidder. "The said threshold shall…