BEML ADOPTS INTEGRITY PACT
The Integrity Pact envisages 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 (BEML) would be competent to participate in bidding with BEML wherever the value of each contract exceeds Rs. 20 Crores.
This Pact is a preliminary qualification for entering into any contract with BEML. 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 H.J. Dora, IPS(Retd) and Dr. G.S. Rajagopal, IPS(Retd) as Independent External Monitors (IEM) to oversee the implementation of the Integrity Pact.