Punjab Agricultural Marketing Board board is on its way to become the first organisation in Punjab to implement the internet-based tendering. Punjab Agricultural Marketing Board has signed a memorandum of understanding (MoU) with state-run Indian Telephone Industries Limited for implementing e-tendering. The system is expected to get functional by February 15, 2009.
The board receives tenders worth INR 300-400 crores every year for construction and maintenance of mandis and rural roads. The proposed move is likely to benefit the contractors as well as the department. Further, it will bring total transparency in the departments. In addition, it will bring more competition, resulting in saving in tenders.