Sir, do you have any information on how costing for these tenders is done?
Normally they put in some basic cost to arrive at tender cost (required for budgets also) and then when quotations arrive, there is a baseline data to compare with.
After the Rafale cost fiasco (if i may use the word), it appears there isn't any hard and fast method/rules coz we've heard too many times recently that owing to high cost, a tender wasn't pursued further. the point here is when you put in specifications and arrive at a cost, unless the cost of technically qualified L1 bidder is more than estimated cost by some arbitrarily defined number (say 10% above estimated), how does one say the item is costly?
Secondly, if the notion of being costly comes from overall absolute value of contract (irrespective of its variation with initial cost), how come such tendering process is given approval?