Question

Which of the following method often used in public projects, in which an interested party initiates a proposal for a contract or the bid for a project –

Q: Answer-&lt;p&gt;Which of the following method often used in public projects, in which an interested party i...

A Swiss Challenge is a method of bidding, often used in public projects, in which an interested party initiates a proposal for a contract or the bid for a project. The government then puts the details of the project out in the public and invites proposals from others interested in executing it. On the receipt of these bids, the original contractor gets an opportunity to match the best bid.