LOI awarded for $720 million contract: Why mounting a legal challenge against ONGC's L-1 candidate is never a good idea
Nov 16:
Mounting a legal challenge after a tender is opened and an L-1 contractor is shortlisted by ONGC is almost always a fruitless exercise. 8This was what the L-2 consortium found out it to its chagrin when despite moving court, the tender was awarded to the L-1 contractor 8The LOI for the massive $720 million contract was issued by ONGC at dead of night, one week ago, with strict completion deadline. Click on Details for more