301 tal-2019
Statutory Text (3 Articles)
L.N. 301 of 2019
PUBLIC FINANCE MANAGEMENT ACT
(CAP. 601)
Public Procurement (Amendment No. 2) Regulations, 2019
BY VIRTUE of the powers conferred by article 4 of the Public
Finance Management Act, the Minister of Finance, has made the
following regulations:-
The title of these regulations is the Public Procurement
(Amendment No. 2) Regulations, 2019 and these regulations shall be
read and construed as one with the Public Procurement Regulations,
hereinafter referred to as the "principal regulations".
Regulation 262 of the principal regulations, shall be
amended as follows
(a) the current provision thereof, shall be re-numbered as
sub-regulation (1) in its entirety; and
(b) immediately after sub-regulation (1) thereof, as re-
numbered, there shall be added the following new sub-
regulation
"(2) The application shall only be valid if
accompanied by a deposit equivalent to zero point five per
cent (0.50%) of the estimated value set by the contracting
authority of the whole tender or if the tender is divided into
lots according to the estimated value of the tender set by the
contracting authority for each lot submitted by the tenderer,
provided that in no case shall the deposit be more than fifty
thousand euro (€50,000) which may be refunded as the
Public Contracts Review Board may decide in its
decision.".
€0.09