As per Memorandum PEM of Reserve Bank of India, as regards to civil construction contracts, turnkey engineering contracts, process and engineering consultancy services and project construction items (excluding steel and cement), the Authorised Dealer / Exim Bank will consider proposals only from contractors that are on the approved list of Ministry of Commerce and Industry, Government of India for which the company will have to obtain clearance/approval from the Screening Committee of PEPC .

The objective of screening by the Screening Committee is to assess the suitability of an Indian engineering contracting company from technical, financial and managerial competence point of view before it is allowed to participate in tenders for overseas construction engineering contracts (civil/ electro-mechanical etc.).

The coverage of Screening Committee includes all companies wishing to undertake

• overseas construction engineering projects involving design, construction, erection and/or commissioning; 
• consultancy services
• export of project construction items

Application for screening committee clearance can be send to the council for getting approval of the Screening Committee.

Screening is done as per the criteria mentioned in the Screening Committee Guidelines .