Under the ‘Swiss Challenge' process an unsolicited project proposal made by a company to the government is to be put forward for public opinion and other interested parties are given an opportunity to make counter proposals if there are any, he explained.
Deviating from the government‘s policy of following the open bidding procedure to ensure transparency, new guidelines are being prepared for the awarding of project contracts to local and foreign investors without bidding, he added.
This new system provides provisions to select suitable investors who submit innovative and high investment project proposals without offers being called for by the government to engage in the country’s development process, he emphasised.
Sri Lanka will follow a 'Swiss Challenge' process to entertain unsolicited proposals made to the government on future procurements, he revealed.
Under the Swiss Challenge procedure, an innovative unsolicited proposal made by a company to the government is made public, and other competitors are given a chance to make counter proposals with better prospects than the original proposal.
The original firm itself will also be allowed to prove their suitability if their project proposal is rejected by electing some of the other proposals of new comers.
Prime Minister Ranil Wickremesinghe, as Minister for National Policies and Economic Affairs, has directed the Finance Ministry to prepare guidelines under the supervision of ministry advisor R.Paskaralingam.
These Guidelines will be on par with Swiss Challenge' process and in line with Government Procurement Guidelines.