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BUSINESS FORMS & STRUCTURES
CURRENCY & BANKING
TAXATION INVESTMENT & TRADE PUBLIC PROCURMENT ENVIRONMENTAL LAW
Public Sector Procurement
Public sector procurement in Syria is regulated by Decrees No. 195 of 1974 and No. 349, of 1980, which set forth regulations governing contracts and tenders for public establishments, companies and enterprises. The decrees impose a number of regulations requiring the buying entity to solicit bids by announcing requirements through the Daily Bulletin of Official Tenders. The announcement of tenders with deadlines of less than forty-five days is not uncommon, however, suggesting that in certain cases, the contest may have already been decided beforehand.
Foreign companies may bid directly or through the use of a duly-registered Syrian agent. Offers, accompanied by a bid bond of 5 percent of the offer value may be submitted. Before an L/C is obtained, the supplier must submit a 10 percent performance bond. The Commercial Bank of Syria requires that all bonds be issued according to the Syrian Official Text.
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