Government Tenders and Procurement Law

This Law aims at: 1. regulating procedures relating to works and procurements, and preventing abuse of power and conflict of interest to protect public funds; 2. achieving optimal value of public funds when concluding contracts of works and procurements, and implementing them at fair and competitive prices; 3. promoting integrity and competitiveness, maintaining equality, and ensuring fair treatment of bidders, in fulfillment of the principle of equal opportunity; 4. maintaining transparency in all procedures related to works and procurements; and 5. fostering economic growth and development. Chapter 3: Basic Principles