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Gujarat State Petroleum Corporation Ltd (GSPCL) is a state government-owned group of oil and gas exploration, production and distribution companies based in Gujarat, India.
The portal has transformed public procurement in India [1] by driving its three pillars, namely, inclusion, usability and transparency and efficiency and cost savings. [7] According to an independent assessment made by the World Bank, average savings for buyers in Government e Marketplace portal is about 9.75% on the median price. [8]
[citation needed] An e-procurement system also manages tenders through a web site. An example is the 'System for Acquisition Management (SAM)' which on July 30, 2013, combined information from the former Central Contractor Registration and Online Representations and Certifications Application (ORCA), [ 28 ] in the United States.
EU laws apply only to tenders that exceed certain thresholds in value. These thresholds vary depending on the area the contract is for and if the procurement is done by a central government or by other public authorities (e.g. municipal government). National laws are applied for tenders below these threshold values. [92]
A tender notification is the publication and circulation of procurement opportunities by the procuring entity in various media like: Newspapers, purchasers's own website and government tender bulletin etc. The main objective of wider publicity is to make these opportunities available to a wider supplier community, increase the competition and ...
Under an EPC contract, a contractor is obliged to deliver a complete facility to a developer who needs only "turn a key" to start operating the facility; hence EPC contracts are sometimes called turnkey construction contracts.
The e−procurement platform used in Singapore has been commercialized by IDA International. [ 5 ] For non−government agencies and businesses that want to adopt the Singapore Government's procurement best practices, the new GeBIZ platform will operate on a Software−as−a−Service platform, enabling businesses to pay according to specified ...
The project is a joint venture between Gujarat State Petroleum Corporation (GSPC) Ltd., GAIL, Krishak Bharati Cooperative (KRIBHCO) and other Government of Gujarat Companies. [3]