5 Construction companies and suppliers blacklisted, barred from participating in public procurement for 3 years
Kathmandu. The government has blacklisted five builders and suppliers who are slow and negligent in their work. The Public Procurement Monitoring Office under the Office of the Prime Minister and the Council of Ministers issued a notice on Tuesday, June 30, informing that those companies have been blacklisted.
According to the office, this decision was made in accordance with subsection 1 of section 63 of the Public Procurement Act, 2063 based on written recommendations from various public bodies. Effective from the date of publication of the notice, those companies will not be allowed to participate in the procurement process of any public body for 1 to 3 years.
Express
Related News
'Dedicated' and 'trunk line' tariff dispute: Commission's decision not to meet the demands of industrialists
Kathmandu. The Electricity Regulatory Commission has decided not to accept the demands of industrialists regarding the dedicated and trunk line tariff dispute. On Sunday, the commission decided not to submit the demand while hearing the case of Pa...
FPO Allotment of Vijay Laguvitta
Kathmandu. The FPO of Vijay Laguvitta Financial Institution has been distributed today on 6th of January. The FPO of Vijay Laguvitta was distributed this morning at the office of securities sales manager NMB Capital. After the merger of Savik's ne...
What is the exchange rate of which foreign currency on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one American dollar is 145 rupees 16 paisa and the selling rate is 145 rupees 76 paisa. The...
Nirmal Dhakal has been appointed as the head of the Asset Clearance Department
Kathmandu. Joint Secretary Nirmal Dhakal has been appointed as Director General of Asset Laundering Investigation Department. He was made the director general who was working as the deputy director general of the department.
The previous Dir...
Financial statements of companies applying for IPOs will now be subject to mandatory review
Kathmandu. The Nepal Securities Board has implemented a system to review the financial statements of companies applying for initial public issue IPO through accounting experts. The board has issued the 'Standards for Revision of Financial Statemen...
Authority constructing new Butwal Lamhi transmission line
Kathmandu. The Nepal Electricity Authority is going to construct a new Butwal Lamahi power transmission line with a capacity of 400 KV. The total length of 161 km transmission line is intended to transmit the electricity of eastern Nepal to the we...



