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البلاد
New Govt Tenders System Bans Without Funds
The Ministry of Finance focused on developing the executive regulation of the Government Tenders and Procurement System to enhance transparency and efficiency, while addressing practical challenges. The amendments included prohibiting awarding contracts without available financial appropriations, obligating government entities to share necessary information with competitors, and ensuring non-discrimination among them. They also emphasized the protection of information confidentiality and the prevention of changing conditions after bid submissions. For construction projects and major modifications exceeding 15 million riyals, feasibility studies and costs must be submitted to the unified purchasing authority, with a response within 15 working days. These amendments aim to improve the contractual environment, serve the public interest, and safeguard public funds.
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