'Open contracts' speed purchases for Guatemalan state sector
More than 100 companies are using "open contracts" to fulfill requests for supplies from the Guatemalan government.
Wednesday, May 21, 2008
Under the "open contracts", suppliers have no need to quote prices or compete in tenders. Instead agreements are reached directly through the Guatecompras Internet site.
Within the amendments of the Contracting Law, a proposal was formulated to implement changes in the web site Guatecompras.
As of April 1st suppliers of goods and services for the State must send copies of legal and financial documentation through web portal Guatecompras.
State institutions will now have to publish in the web site "Guatecompras" their direct purchases over $1.207.
The Public Finances Ministry introduced new regulations for state acquisition of goods or services.
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