Transparency is a “must” while inviting tenders, presidential office says

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The presidential office of Myanmar last month addressed the government organizations and departments shall follow the rules and regulations to have transparency when inviting tenders.

Officials need to take responsibility of their work when they are giving permissions to business enterprises to invest in the related business fields. According to the constitution, the Presidential Office will protect public interest if found someone is attempting to harm the economy, the market or create monopoly.

A total of 32 items of guideline were described for government organizations and departments to follow while inviting public tenders. Work committee forming and advertising public announcements before auctions are important. Environmental protections are also required. The business projects should be operating under international norms.

Additionally, the organizations and departments have to study whether the projects that will be open for tenders are potential for investors to accomplish. The competitive auctions should be placed for everyone. The organizations and department shall not allow auction winners to transfer the winning auctions to other parties.

Source: Eleven Media

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