Government Tenders and Procurement Law
Art. 23Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Prior to estimating the cost of works and procurements, a government agency
shall:
1. thoroughly study market prices and take them into consideration when
setting a maximum limit for the expected total contract value; and
2. set measures necessary to maintain the confidentiality of the estimated cost.
Chapter 12: Proposal Assessment Criteria
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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