Increase in Direct Purchases Limit in Guatemala

The New State Purchases Law would increase the limit in direct purchases from $3,700 to $9,300

Thursday, March 19, 2009

Additionally, the Comptroller General of Accounts is proposing that the direct purchase process should be done with a bidding stage. Carlos Menco, head of the Comptroller's Office, told the Periódico of Guatemala that "the proposal is for a bid to be published on the website for such acquisitions, but the competition should not go through the same terms as a tender."

Among the amendments to the Act, it is also established that "the purchases that exceed 10 thousand Quetzals ($ 1233) must be published in the Guatecompras portal."

More on this topic

Limits Imposed on Turnkey Projects in Panama

September 2011

The government may not use more than 20% of its investment budget for projects undertaken under this modality.

When projects are implemented using the turnkey model, contractors are responsible for financing, which the state then pays for upon completion of the work. The current limit for this type of contracting was introduced at the request of the rating agencies.

Panama: New Regulations for Public Procurement in Force

May 2011

The reform to regulate the procurement process undertaken by the Government becomes effective from today, May 12, 2011.

Law number 22, which regulates the country’s procurement process, has been reformed and signed by President Martinelli, and will take effect from this week.

Nicaraguan Businessmen Demand Urgent Approval of Laws

September 2010

The local business community is confident of a quick approval by the Assembly of the Procurement Act.

After meeting with the President´s economic advisors the president of the Superior Council of Private Enterprise (COSEP), Joseph Adam Aguerri, said that now that the government has support from 52 National Assembly members, approval of a Procurement Law should be priority.

Nicaragua Initiates the Consultation Process for Proposed Contracting Law

June 2009

This week, the National Assembly began the consultation process for the new State Contracting Law.

The legislative initiative, which was presented in April of 2008, promotes greater transparency and facilitation of the bid processes of the state. highlights comments by Representative Wálmaro Gutiérrez: "This week, they will meet with the Nicaraguan Counsel of Micro-, Small-, and Medium-Sized Businesses (Conimypime) and then with the departments of Education, Transportation and Infrastructure, and Health, which bid out about 75 percent of the government’s projects."

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