Finance Ministry begins publicizing summaries of tender evaluation processes

Finance Ministry has begun publicizing summary reports of the process of evaluation of tenders carried out through the National Tender Board.

Finance Ministry said it began publicizing the information on its website last week.

According to the Finance Ministry, the summary reports will include the contractors who applied for the project, the quoted price, and whether or not they passed the evaluation process, and justification for selection or rejection.

The summary reports will also include the contractor selected, the awarded amount, the awarded duration, the awarded date, and the awarding authority.

Finance Ministry said that its website currently has information on tenders evaluated this year available, but that it will have information on tenders starting from last year available by the end of this August.

Finance Ministry described the decision to publish the information as an important step in its efforts to improve the efficiency of the financial affairs of the state, and improve transparency.