The government is going to scrap the traditional tender floating system and introduce a full-fledged online tendering method for all public purchases from December, say planning ministry officials.

The cabinet yesterday approved in principle the Public Procurement (4th Amendment) Act-2016, incorporating a provision for bidders not to quote a price 10 percent lower or higher than the official estimated price of a public procurement tender.

The Power Development Board (PDB) is floating a tender to set up a gas-fired power plant in Shahjibazaar that would remain standby to pump in electricity whenever there is a supply drop in the national grid.

Two separate groups involves in a gunfight at Bidyut Bhaban in Dhaka over submitting tender of Dhaka Power Distribution Company (DPDC).