Nicaragua Initiates the Consultation Process for Proposed Contracting Law

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

Friday, June 12, 2009

The legislative initiative, which was presented in April of 2008, promotes greater transparency and facilitation of the bid processes of the state.

Laprensa.com.ni 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."

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.

No-bid contracts authorized in Panama

July 2008

Panama's National Assembly has passed a law decreasing the transparency of public spending. The new Law of Public Contracts allows the Executive Branch to contract consulting services of up to 300,000 dollars without going through the bidding process.

The legislation also includes a paragraph which includes in the category of "urgent local interest or social benefit" all energy and water projects.

 close (x)

Receive more news about Local Law

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Citrus Extract

CitroBio is a citrus extract wash for use throughout the entire food industry.
CitroBio is a citrus wash for sprouts, fruits,...

Stock Indexes

(Dec 15)
Dow Jones
0.58%
S&P 500
0.90%
Nasdaq
1.17%

Commodities

(Dec 15)
Brent Crude Oil
62.65
Coffee "C"
120.75
Gold
1,257
Silver
16.01