The Government Competition and Procurement System – issued lately in Saudi Arabia, has revealed that the party entitled to unified procurement would be the Center of Spending Efficiency (CSE).
There is also coordination between the Saudi Ministry of Finance and the Local Content and Government Procurement Authority in putting policies and issuing guidelines and instructions related to implementing the law regulations or amending them as well as preparing the executive list of the law or amending it.
The Competition and Procurement System aims to organize procedures related to business and procurement, ban exploiting the power and the influence of personal interests, achieve the best value of the public funds when contracting for business and procurement, reinforce integrity and competence, and provide fair treatment for competitors.
The law also guarantees transparency in all procedures of business and procurement and works on reinforcing economic development.
It stipulates that the companies, which the government has more than 51 percent of its capital, should apply the concepts and general rules for issuing the business and procurement and implement them in a way that guarantees integrity and transparency and gives priority to the local content and SMEs.
Article five of the law underpinned the importance of the availability of clear and unified information about the required business and procurement for competitors.
The law stressed the importance of the government party heading towards advanced planning and coordination with the ministry of finance in providing financial credentials.
It also explained that there is a unified e-portal for government purchases, which is supervised by the ministry of finance. The competitions’ procedures and government procurement are issued through this portal unless there is a technical error or reasons preventing this, such as national security causes.
According to the law, the government should carry out an accurate study of the market prices before setting the estimated cost.
The government party may terminate the contract with the contracted party in case the latter violated any of the conditions and didn’t fix the situation within 15 days of the written notification.
