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Value of Tendering Contracts Doubles

Published: August 27, 2013 | 9:31 am
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The Minister of Regional Development and Infrastructure Davit Narmania has stated that the value of tendering contracts has doubled compared to the previous year, although no amounts have been specified. The minister names the transparency of the tendering contract, and the increase of the tender guarantee period to 2 years as the main reasons for the doubling of their value. According to Mr. Narmania, the new government is doing everything to create a healthy competition in the State tenders. The increase of the tender guarantee period obliges the winning company to accept full responsibility for the works conducted for the duration of 2 years.

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