| Under the Swiss challenge method, bidders are asked to improve on an initial proposal and once this is done, the original proposer is asked to match the best subsequent bid. |
| The Dubai government agency's proposal would be given to four government-promoted companies from Singapore, Malaysia, China and Japan. These companies would then submit their own proposals with respect to cost and other inputs required to complete the project on April 6, 2006, sources told Business Standard. |
| The basic report along with the master plan for the ORR project has been prepared at its own cost by the Dubai agency under an MoU entered with the state government last year. |
| The state government had to take some time on finalising the proposal as the China government's agency also gave a parallel proposal in this regard at a later date. However, the government decided to go ahead with the Dubai proposal, according to sources. |
| "The government would give 2-3 weeks' time to these companies for submission of their proposals," sources said, adding that under the Swiss challenge method, the Dubai government will have to match the alternative proposals on cost and other elements of the project of the competing companies to remain in the fray. |
| Though the earlier estimates on the cost of the project wildly fluctuated anywhere between Rs 6,000 crore and Rs 9,000 crore, the cost proposed by the Dubai government is still not known. |
| But the state government is expected to offer only the land to the successful bidder in exchange for the expenditure on the proposed project. |
| "Whoever quotes less land at the end of the process will become the successful bidder," a senior government official had earlier told Business Standard. |
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