Surprise, surprise

The auction of a prestigious infrastructure project last week saw three key private players from the sector prepared to submit multiple bids to give the largest public sector undertaking (PSU) in the sector, known to lap up the best projects, a run for its money. When it emerged that the PSU had decided not to participate in the bidding, the baffled executives of the private companies made some hectic last-minute consultations and ended up submitting one bid each. It seems the PSU was in a mood to surprise competition, albeit in a different manner this time.