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Draft law on amendments to the law on public procurement approved www.montsame.mn
At its regular meeting on March 2, the Cabinet approved the Bill to amend the Law on Procurement of Goods, Works and services with State and Local Funds and decided to submit it to the State Great Khural for a very urgent consideration.
The amendments propose that projects and actions on the list of development projects to be implemented as part of the New Revival Policy be processed with the establishment of contracts and not to follow the law if less than 30 percent of the funding for a project or an action is provided from a state owned or state controlled enterprise.
It has become possible to make procurement arrangements online and retrieve necessary information from state databases. Therefore, the proposed amendments also include the reduction of the timeframe for the client to make a decision and establish a contract from 30 days to 15 days.
As there are times when the budgeted cost rises beyond the control of the client or the contractor for some long-term projects and actions, an amendment enables to increase the contract price if the budgeted price has been renewed.
The client can establish a contract with a term of up to three years upon reaching agreement of the price per unit and other terms for the procurement of goods and products in regular demand. To reduce the financial burdens on the bidding individuals or companies, a reduction of the tender guarantee amount is also proposed.
Published Date:2022-03-03
