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Quality-cum-price parameter in rig selection-I: Ratio may get tweaked in the future
Mar 12: Now that ONGC has introduced a quality-cum-price clause to its jack-up rigs tenders, an assessment has shown that all rigs on offer did not have the same technical standards.
8The quality: price ratio was 25:75 in the last tender.
8Also ind out who got the least technical scores in the first tender in which this new criterion was introduced. It is also learned that the company will tweak the quality: price ratio further for future tenders


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