{"id":592647,"date":"2019-11-03T04:12:23","date_gmt":"2019-11-03T04:12:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/govt-issues-public-contracts-act-executive-regulations\/"},"modified":"2019-11-03T04:12:23","modified_gmt":"2019-11-03T04:12:23","slug":"govt-issues-public-contracts-act-executive-regulations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/govt-issues-public-contracts-act-executive-regulations\/","title":{"rendered":"Gov\u2019t issues Public Contracts Act executive regulations"},"content":{"rendered":"

<\/a> REGULATION WATCH- Gov\u2019t issues executive regulation for Public Contracts Act:<\/b> The government has issued the executive regulations of the Public Contracts Act, according to a Finance Ministry statement<\/a> on Friday. The statement was very light on details, but reiterated previous statements that the regs would set up an e-procurement system for the government. It would also mandate that the government solicit the participation of SMEs in national projects through the SMEs Development Authority to stimulate their contribution in national projects. The regulations lengthen the payment period for tender participants, and cap the required insurance to bid on the project at 1.5% of the estimated value of the project.<\/p>\n

The statement does not address concerns that the new act would allow the government to expand the use of no-bid contracts<\/b> except to say that the regs would fight \u201cmonopolies\u201d and \u201cconcentration of economic power.\u201d The Madbouly Cabinet had signed off on recommendations from a government committee<\/a> allowing the government to use no-bid contracts for unspecified projects. While the recommendations still require that direct order agreements comply with the Public Contracts Act (previously known as Auctions and Tenders Act), the decision had gotten flak from the foreign press, which claimed the move would open the door for corruption.<\/p>\n","protected":false},"excerpt":{"rendered":"

REGULATION WATCH- Gov\u2019t issues executive regulation for Public Contracts Act: The government has issued the executive regulations of the Public Contracts Act, according to a Finance Ministry statement on Friday. The statement was very light on details, but reiterated previous statements that the regs would set up an e-procurement system for the government. It would […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,276,10306,5430,871,287,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592647","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-finance-ministry","tag-maait","tag-public-contracts-act","tag-regulation-watch","tag-smes","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"342ef71a-f228-4de0-aab0-f199387b1b83","is_powered_by":true,"section_story_id":"1814fd30-d9f9-4e47-8d5e-3e9ff86aa92f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[592631],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t issues Public Contracts Act executive regulations - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/govt-issues-public-contracts-act-executive-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t issues Public Contracts Act executive regulations\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- Gov\u2019t issues executive regulation for Public Contracts Act: The government has issued the executive regulations of the Public Contracts Act, according to a Finance Ministry statement on Friday. 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The new regulations aim to promote fair competition for government tenders, increase interest, and improve the transparency of the bidding process. The regulations lengthen the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605289,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/27\/egypt-smes-to-get-sharper-teeth-to-bid-for-tenders-under-new-legislation\/","url_meta":{"origin":592647,"position":1},"title":"Egypt SMEs to get sharper teeth to bid for tenders under new legislation","author":"enterpriseam admin","date":"27 December 2018","format":false,"excerpt":"LEGISLATION WATCH- SMEs to get leg up in public tenders: SMEs will get priority treatment and a 20% quota of government tenders under the anticipated Public Contracts Act, according to a Finance Ministry statement. The new legislation will also exclude SMEs the requirement to submit financial guarantees with their bids\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627389,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/govt-to-issue-public-contracts-act-executive-regulations-in-six-months\/","url_meta":{"origin":592647,"position":2},"title":"Gov\u2019t to issue Public Contracts Act executive regulations in six months","author":"enterpriseam admin","date":"31 July 2018","format":false,"excerpt":"LEGISLATION WATCH- The government will issue the executive regulations to the Public Contracts Act within six months\u2019 time, Finance Minister Mohamed Maait said, Al Ahram reports. 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