Q19) The government is looking at extending a so-called Swiss challeng

1.	Q19) The government is looking at extending a so-called Swiss challenge to private developers to develop expressways and railways. Consider the following statements: 1) The Swiss Challenge System is a bidding process where private investors can conceptualize and offer a project to the government for evaluation 2) In this system, when an original bid is received for a project, the government can publish the bid and also invite third parties to match or exceed or improve the existing bid. 3) The original proponent has no right of refusal and counter-match any superior offers given by the third party. Which of the above statements is/are correct?
Answer» Q19) The government is looking at extending a so-called Swiss challenge to private developers to develop expressways and railways. Consider the following statements: 1) The Swiss Challenge System is a bidding process where private investors can conceptualize and offer a project to the government for evaluation 2) In this system, when an original bid is received for a project, the government can publish the bid and also invite third parties to match or exceed or improve the existing bid. 3) The original proponent has no right of refusal and counter-match any superior offers given by the third party. Which of the above statements is/are correct?

Q19) The government is looking at extending a so-called Swiss challenge to private developers to develop expressways and railways. Consider the following statements: 1) The Swiss Challenge System is a bidding process where private investors can conceptualize and offer a project to the government for evaluation 2) In this system, when an original bid is received for a project, the government can publish the bid and also invite third parties to match or exceed or improve the existing bid. 3) The original proponent has no right of refusal and counter-match any superior offers given by the third party. Which of the above statements is/are correct?

Answer»

Q19) The government is looking at extending a so-called Swiss challenge to private developers to develop expressways and railways. Consider the following statements:

1) The Swiss Challenge System is a bidding process where private investors can conceptualize and offer a project to the government for evaluation

2) In this system, when an original bid is received for a project, the government can publish the bid and also invite third parties to match or exceed or improve the existing bid.

3) The original proponent has no right of refusal and counter-match any superior offers given by the third party.

Which of the above statements is/are correct?

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