Government Contracts and public Procurement are governed by Public Procurement Act 2007 and Public Procurement Rules 2064, where state entities including ministries, constitutional bodies and state-owned enterprises acquire goods, services and construction works which is monitored by Public Procurement Monitoring Office to ensure transparency, competition and rational use of public funds.
Procurement is itself a technical field where frequent amendment in laws or regulation can make process tough and confusion to the suppliers that result in bid rejection, financial penalties and blacklisting due to non-compliances.
To build business certainty, clarity and security implications of contracts and agreement are fundamental business task that investors must comply with. Experience drafting of Commercial and Corporate contracts is most necessary to minimize risk, undermines your business goals
