Qatar refines bidding and auction laws; supporting small and medium enterprises, improving governance


In an overhaul of bidding and auction laws, Qatar has incorporated in-country value (ICV) into the procurement and procurement process, particularly financial evaluation, as part of efforts aimed at supporting small and medium-sized enterprises.
This was done through amendments to improve governance and procurement processes. Amendments to the executive provisions of Law No. 24 of 2015, regulating tenders and auctions, were highlighted by senior officials from the Ministry of Finance.
The amendments are part of Qatar’s continued efforts to support economic activities in non-oil sectors with a growing trend to enhance the role of the private sector in the implementation of a wide range of development projects, said said ministry officials.
One of the most important of these amendments is the addition of a definition of LCI, defining it as the total expenditure incurred by the entrepreneur, supplier or service provider in the country to develop businesses, domestic services or human resources to boost productivity in the country. the local economy.
The ICV will also provide valuable business opportunities for local business owners or attract investors who plan to set up their business in the country.
The amendments aim to facilitate not only the completion of procurement processes related to the ICV program in Qatar, but also the implementation of ICV procedures in procurement processes, in order to contribute to sustainable economic growth.
Through the amendments, the country aims to give preference to domestic products and LCI and award bids to those who submit the cheapest monetary bids after calculating the local value ratio.
The amendments provide opportunities that allow national micro, small and medium enterprises to develop; increase the number of tenders available to them and facilitate their cooperation with the public sector.
It aims to exempt domestic micro-enterprises as well as small and medium-sized enterprises from providing interim and insurance, and paying for tender documents worth less than QR 1 million.
The amendments aim to allow limited participation in tenders worth less than QR 5 million to micro, small or medium enterprises.
The amendments included developing and accelerating procurement in government agencies by introducing a specific deadline for arranging transactions and completing them within 60 working days, setting a deadline of 20 working days from the date of submission of the final insurance to sign the contract and setting a deadline of 90 working days to begin the execution of the contract after signing.
In 2021, the Ministry of Finance launched the recovery program, which included three main pillars like the Qatar ICV program, promoting the development of small and medium enterprises and environmental, social and general governance of the financial sector (ESG) to achieve Qatar Vision 2030.
The “recovery” program targets the development of the private sector and its important role in economic growth, and its contribution to a sustainable economy through production, job creation and industrialization as well as increased exports and trade. gross domestic product.
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