Circular No. 2600 — Allows bid-based contemplation in consortium groups of specified movable goods and real estate and limits advance payment of installments by non-contemplated consortium member

CIRCULAR No. 002600

Allows bid-based contemplation in consortium groups of specified movable goods and real estate and limits the advance payment of installments by a non-contemplated consortium member.

The Board of Directors of the Central Bank of Brazil, in a session held on 08.02.95, based on art. 33 of Law No. 8,177 of 03.01.91,

D E C I D E D:

Art. 1 With regard to bid-based contemplation in consortium groups, the following must be observed:

I - it is permitted in consortium groups of trucks, buses, tractors, road equipment, agricultural machinery and equipment, aircraft, vessels and real estate;

II - in groups referenced to any other goods, including airline tickets:

a) it remains prohibited, in those constituted from 10.20.94;

b) it continues to be permitted, in groups constituted up to 10.19.94, with the value of each bid limited to the equivalent of 10% (ten percent) of the value of the good that is the object of the contract.

Art. 2 To limit, in the consortium groups referred to in item II of the preceding article, to the equivalent of 10% (ten percent) of the value of the good that is the object of the contract, the value of the advance payment, by a non-contemplated consortium member, of installments in consortium groups.

Art. 3 This Circular enters into force on the date of its publication.

Art. 4 Art. 2 of Circular No. 2,543 of 02.22.95 is revoked.

Brasília, August 3, 1995

Cláudio Ness Mauch
Director of Norms and Organization of the Financial System