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What is a Resultant Single Vendor Situation? Can a Purchase be made on single tender thus achieved?

April 26, 2017achieved purchase tender

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What is a Resultant Single Vendor Situation? Can a Purchase be made on single tender thus achieved?

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Ans. This is a situation when at the Technical Evaluation stage, only one vendor is found complying to all the SQR parameters. In such case, the RFP would be retracted with the concurrence of IFA and approval of CFA and a fresh RFP issued with suitable revision in SQRs.