Section 58 in Tamil Nadu Transparency in Tenders (Public Private Partnership Procurement) Rules, 2012
58. Treatment of Speculative Tenders.
(1)The Tender Accepting Authority may reject a tender if it has determined that the financial bid in combination with other constituent elements of the tender is abnormally low or abnormally high in relation to the subject matter of the procurement and raises concerns with such authority as to the ability of the Tenderer to perform the Public Private Partnership (PPP) contract.(2)Before arriving at a determination under sub-rule (1), the Tender Accepting Authority may in writing seek such other information from the Tenderers as it considers relevant:(3)The decision of the Tender Accepting Authority to reject a submission in accordance with this rule and the reasons for that decision, and all communications with the Tenderer under this rule shall be included in the record of the Tender Proceedings.(4)The decision of the Tender Accepting Authority and the reasons therefor shall be promptly communicated to the Tenderer concerned.
