Regulatory Alerts2024-09-01
Regulations on the Procurement of Contracts by the Bank of the Republic of Burundi
The Bank of the Republic of Burundi has enacted regulations establishing standardized procurement procedures for works, supply, and services contracts, defining bidder eligibility and tiered financial thresholds that assign award authority to the Intendance Service, Advisors' Office, or Management Committee. The framework mandates open tenders as the default award method while permitting restricted consultation and negotiated procedures under specific conditions, alongside strict advertising deadlines and objective evaluation criteria. It further codifies contract execution standards, performance guarantees, price revision mechanisms, and a structured administrative appeal process to ensure transparent procurement governance.
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