The cardinal principle of public procurement is to adopt a transparent, independent, impartial and competitive procurement process. The public entity must ensure that it complies with all the applicable laws (CVC guidelines, State procurement guidelines/ law, etc.) pertaining to procurement If the public entity is governed by any Department/ agency specific procurement manual then, such manual must be revised from time to time so that it is relevant to the changing procurement environment. Compliance of the public entity with the regulatory framework pertaining to procurement builds confidence among with private sector players with respect to the credibility of the project and the public entity's commitment towards effective project development.