The government of Saudi Arabia has issued new legal procedures for tenders and procurement procedures in line with its Vision 2030 blueprint for economic transformation.
The new Government Tenders & Procurement Law (GTPL) was published on 1 August and is to be applied to all Saudi government projects from 29 November. It follows a two-year consultation process and replaces the previous version of the GTPL issued in 2006.
New features in the GTPL include a centralised electronic tender portal (encrypted to ensure security), technical and financial stages in the bidding process, and pre-qualification requirements. Maximum delay penalties have increased to 20% for works and services contracts (compared with 10% in the previous GTPL).
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