Integrity Pact
Integrity Pact
The Integrity Pact embodies an agreement between the
prospective vendor/ bidder and the buyer committing the
persons/ officials of both the parties not to exercise
any corrupt influence on any aspect of the contract.
Only those vendors/ bidders, who have entered into such
an Integrity Pact with the buyer GRSE, would be
competent to participate in bidding with GRSE, wherever
the value of each contract is Rs 2 crores and
above.
This Pact is a preliminary
qualification for entering into any contract with GRSE.
The Pact will be effective from the stage of Invitation
of Bids till the complete execution of the
Contract.
The Central Vigilance Commission
(CVC) has approved Shri Pidatala Sridhar, IRS (Retd.)
and Shri Bam Bahadur Singh, Ex-CMD, MSTC Limited as
Independent External Monitors (IEM) to oversee the
implementation of the Integrity Pact