MoD Overhauls Procurement Rules: R&D Delays Exempt From Penalties, 5-Year Assured Orders For Defence Firms

In a landmark move, the Ministry of Defence has restructured its revenue procurement rules to provide significant relief to defence companies struggling with R&D delays. Companies engaged in prototype development for the armed forces will no longer face fines or liquidated damages during the research stage, easing pressure on private and public manufacturers investing in indigenous
In a landmark move, the Ministry of Defence has restructured its revenue procurement rules to provide significant relief to defence companies struggling with R&D delays. Companies engaged in prototype development for the armed forces will no longer face fines or liquidated damages during the research stage, easing pressure on private and public manufacturers investing in indigenous
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