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Reforms Save Kazakhstani Business More than $130M
Changes in Kazakhstan’s “Law On Government Procurement,” introduced with assistance from the USAID Business Environment Improvement Project (BEI), will produce millions of dollars in savings for local businesses. In cooperation with Parliament deputies and the Forum of Entrepreneurs of Kazakhstan, BEI introduced a number of provisions that increase procurement transparency and reduce costs for bidding businesses. New provisions require the amount of the tender to be announced to all potential bidders and the winner to be chosen by a commission in the presence of all participants of the competition, permit audio- and video recording of the process by its attendees, and place all decisions and protocols of the competition on a Government website. The changes also reduce the contract maintenance fee by bidders from 3 percent to 1 percent of the tender amount. This is one of the several business environment improvements introduced over the past year by BEI.
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Pharmacies are among the thousands of businesses that will benefit from the changes in the “Law On Government Procurements”
Photo Credit: BEI |
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