The Integrity Pact envisages an agreement between the prospective vendor/ bidder and the buyer committing the persons/ officials of both the parties not to exercise any
corrupt influence on any aspect of the contract. Only those vendors/ bidders, who have entered into such an Integrity Pact with the buyer GRSE, would be competent to participate in bidding with GRSE, wherever the value of each contract exceeds Rs.100 Crores.
This Pact is a preliminary qualification for entering into any contract with GRSE. The Pact will be effective from the stage of Invitation of Bids till the complete execution of the Contract.
The Central Vigilance Commission (CVC) has approved Shri Sakti Kumar Banerjee and Shri Prabir Roy as Independent External Monitors (IEM) to oversee the implementation of the Integrity Pact.