Headlines 06/03/2020 14:07 CH

Duration of evaluation of bidder selection plans is shortened

Quý Tân

This is the highlight of the Decree No. 25/2020/ND-CP regulating detailed implementation of several articles of the Law on Procurement in terms of selection of investors, promulgated on February 28, 2020.

The Decree prescribes that, after receipt of all required application documents, the maximum duration for evaluation of investor selection plans must be 20 days.

This means that the duration for evaluation of an investor selection plan is shortened to 10 days compared to such duration stipulated in the Decree No. 30/2015/ND-CP dated March 17, 2015.

Duration of other activity related to selection of investors is kept unchanged, including:

- The maximum duration of approval of an investor selection plan is 10 days after receipt of an evaluation report.

- The minimum duration of preparation of documents submitted in the prequalification round is 30 days from the first date of issuance of prequalification request documents to the bid closing date (Investors are required to submit prequalification application documents before the bid closing date).

Decree No. 25/2020/ND-CP is entering into force from April 20, 2020, replacing the Decree No. 30/2015/ND-CP dated March 17, 2015.

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