REVOCATION OF COAL TENDER AND HOW TO AVOID SUCH ANTIC IN FUTURE.
Posted on September 25th, 2022
Sasanka De Silva Pannipitiya.
It is obvious that there is some behind-the-scenes work involved in the recent coal tender revocation.
Calling for a new tender allows opportunists to gain an unfair advantage and deceptive gains once more.
How to avoid such an incident occurring in the future is as paramount as securing the next consignment before the country falls again into total darkness.
Failing to fulfil the contractual obligations is a good reason not to release the deposited tender fee by the party who got it awarded.
The other steps are to
- ban and blacklist the company in question for life for participating in future tenders.
- blacklist the chairman and other company directors.
The purpose of the second measure is to avoid the same entity resurfacing under another name with the same bunch of crooks posing as directors etc.
Furthermore, those who have been blacklisted for a certain period will automatically lose their credibility and will not find any more directorships in other companies.
If no such blacklist exists currently, one similar to CRIB should be created immediately.
Sasanka De Silva
Pannipitiya.