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Validation of documentation in ONGC contracts: Company decides to go easy
Apr 18:   Equipment and service suppliers are upset by the recent ONGC decision to call for validation of the genuineness of the all documents submitted by the winning bidder by a contract.
8The conditions for such validation have been very stringent and dependent entirely on the issuing authority.
8Suppliers are now complaining that they can be subjected to blackmail or sabotage by rivals or by the issuing authority
8ONGC is reported to be listening to these complaints
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