Planning issued instructions encourage investment companies to work in Iraq

[ltr]Published on Sunday, November 17 2 / November 2013 14:59[/ltr]
[ltr]  BAGHDAD - Awan[/ltr]
[ltr]An official source at the Ministry of Planning, Sunday, new instructions have been circulated regarding the implementation of government contracts. Said that "instructions that would encourage investment companies to work in Iraq."


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[ltr]The source told "Awan" that "the instructions drawn up by the ministry spend required delay penalties on the one hand contracted by 10 to 25% after it was non-specific," referring to the "Edit limits amounts tender national and international, as it announces tender for contracting public of various kinds tenders If the national cost of speculative allocated for the purposes of the assignment does not exceed 10 billion Iraqi dinars anything more about that announces an international tender. "

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[ltr]He said the source, who spoke on condition of anonymity that "according to the instructions of new van announcement tenders for processing and services non-consulting tenders national if the cost of speculative earmarked for the purposes of the assignment does not exceed 10 billion dinars, and increased it announces tender to international."

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[ltr]"The new regulations removed or reduced the cost of tender documents in cases involving foreign companies," adding that "modify the requirements before the preparation of tender documents and contracting methods."

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[ltr]The source continued that he was "Edit Insurance and delay penalties and extend the contract, and to exempt public companies to provide bid bond and a letter of guarantee implementation plan set forth in these instructions," stressing that these instructions would encourage investment companies to turn on investment projects general.[/ltr]


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