The Public Procurement Rules 2008 - LGED

(3) The Approving Authority shall communicate its decision to the Head of the Procuring
Entity and others concerned.
125. Signing of Contract. |— (1) The PEC and the successful Consultant shall, in order to
conclude the negotiations, sign the agreed minutes of negotiations and initial the proposed draft
Contract agreement.
(2) A Procuring Entity shall upon receipt of the approval for the signing of the Contract,
and provided that no complaint has been lodged or is still under consideration under Rules 57, 59
and 60, invite the successful Consultant to sign the Contract.
(3) The type of Contract shall be as specified in the RFP, i.e. Time-based or Lump Sum
Contract.
(4) The Consultant receiving an award of Contract shall not be required to submit any
performance security.
(5) The Procuring Entity shall assure that a necessary provision have been included in
the RFP to the effect that the Consultant shall be contractually obligated, in the event their
performance of the Services does not meet the standards and requirements set in the Contract, to
re-perform the Services at their own expense or to indemnify the Procuring Entity for losses that it
may suffer.
126. Completion of the Process. |— (1) A Procuring Entity shall, following the signing of
the Contract with the successful Consultant, inform all the other Consultants whose Proposal was
technically responsive that they have been unsuccessful.
(2) The Procuring Entity shall publish in its website, where applicable, the name of the
Consultant to which the Contract was awarded as specified in Schedule II.
(3) Information about award of Contracts exceeding the amount specified in Schedule II
shall be posted on the CPTU’s website.
106