Spending money to spend money

Now, I’ve not been part of many tender-based submissions. Actually, I’ve never been part of any. So it does baffle the mind when one sees this:

The BCCI has started selling the bid documents at Rs five lakh a copy which is "non-refundable and non-adjustable", as per the tender notice put out by Board secretary N. Srinivasan.

So what the BCCI is saying is that we want to see how serious our bidders are. If they have the ability to throw away Rs 5 lakh to get tender notices. And if they care about this.

I think that the money for unsuccessful bids should be returned. And the winning bidder’s money should be adjusted.

Else, this is absolutely jam for BCCI.

I always knew I should have got into a business where I had to float tenders.

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