Comments by "Sankalp" (@sankalp6872) on "3 cheers for INS Vikrant u0026 3 questions for India’s leadership on naval doctrine" video.

This L1 criteria of procurement needs to be JUNKED for good. Cost-benefit analysis with Net present value (NPV) should be used for all Govt procurement and not just defence. NPV and IRR are global standards
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@rohitkashyap1051 Your understanding is correct. L1 stands for Least Cost Selection Method. The method is rigid and does not factor in parameters like time, quality, and even the track record of the vendor. Of course, one can set eligibility criteria before inviting bids. However, this opens up avenues for collusion and corruption. I recommend using a Corporate style "project management" approach where we first clearly list out our requirements (without ambiguity) then float tenders and select vendors based on Quality-Cost trade-off and incorporate NPV. Of course, this approach will feature valuation hence a lot of SUBJECTIVITY if we set accountability things will be much smoother.
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