Competitive bidding ignored for large-scale developments

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Sri Lanka has a very poor track record when it comes to competitive bidding for large-scale developments, according to Verite Research.

In a report, the local think-tank says 80 per cent of the projects it has assessed have deviated from competitive bidding.

The report provides a baseline understanding of the current regulatory frameworks governing the procurement of large infrastructure projects in Sri Lanka.

It identifies gaps and weaknesses in the existing frameworks, and locates opportunities available for the public and civil society organisations to bridge the identified gaps and ensure that the investment decisions made by the government adequately reflect the interests and concerns of the public.

The report focuses on three critical areas in the project lifecycle: procurement, environmental impact assessment, and involuntary resettlement.

It can be accessed by following this link: https://t.co/gWVJNEeCQb