The NYDC Challenge
The approach to all public works in the New Yangon City shall follow guidelines of transparency, accountability and efficiency. NYDC has adopted the global model of the Swiss Challenge which is a model that allows fair competition, efficiency and ensures ultimate transparency.
NYDC selects a single company who is qualified and competent to undertake preliminary works and feasibility studies to prepare Pre-Project Document (PPD) at its own cost.
NYDC negotiates with that company until a mutually acceptable deal is reached and enter into a provisional agreement.
NYDC publicizes the entire contents of the agreement and allow any qualified party to challenge the agreement with better terms on the basis that it strictly adheres to the terms and conditions of the agreement.
Should a second party challenge with a lower bid, the first party will be allowed to match the offer or forego, in which case the second party will be awarded with the contract. However, the second party must pay back to the first party all expenditure incurred in relation to preparation of the PPD, which will also be disclosed during the tender process.