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KG-DWN-98/2 FPSO delivery to get delayed by three months: ONGC hurries through contracting process
Mar 08:
ONGC is hurrying up the selection process for the FPSO for the KG-DWN-98/2 now that it has become a one-horse race.
8Already, the deadline for the award of tender is running three months late, and there is a possibility of further delay unless the LOA is issued this month
8After the shortlisting threw up one candidate, the ball was set rolling quickly
Comment: There were too many inconsistencies and imponderables in the selection process for the FPSO. Some of them explainable, some perhaps not. Layers of ONGC management went through the process and yet, to end up with just a single bidder when there could have been multiple bids means that the selection process failed in its objective of ensuring adequate competition for this high-value tender.
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8Already, the deadline for the award of tender is running three months late, and there is a possibility of further delay unless the LOA is issued this month
8After the shortlisting threw up one candidate, the ball was set rolling quickly
Comment: There were too many inconsistencies and imponderables in the selection process for the FPSO. Some of them explainable, some perhaps not. Layers of ONGC management went through the process and yet, to end up with just a single bidder when there could have been multiple bids means that the selection process failed in its objective of ensuring adequate competition for this high-value tender.
