FG mandates 14-day standstill before contract execution
The Federal Government has directed MDAs to enforce a mandatory 14-day standstill period before executing public procurement contracts to boost transparenc Read More: https://punchng.com/fg-mandates-14-day-standstill-before-contract-execution/
The Federal Government has mandated a 14-day standstill period before executing public procurement contracts, in an effort to enhance transparency, accountability, and fairness in the awarding of government contracts. The directive, issued by the Secretary to the Government of the Federation, George Akume, requires Ministries, Departments, and Agencies to give unsuccessful bidders an opportunity to challenge or seek clarification on procurement decisions before finalizing contracts.
The 14-day waiting period, which takes effect immediately, is intended to provide unsuccessful bidders with a chance to raise objections or file complaints regarding the procurement process, rather than allowing contracts to proceed immediately after the announcement of an intended winner. Procurers are required to promptly address any complaints or protests submitted by bidders during the waiting period, in compliance with the administrative review procedures established under the Public Procurement Act, 2007.
Failure to adhere to the standstill requirement may result in administrative sanctions under the Public Procurement Act and other relevant regulations.
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