Frequently Asked Questions

Could a project be awarded to a company (where majority shares are owned by the government) or to a company (where government has shares) listed in the Maldives Stock Exchange, without opening to a bidding process that is stated on chapter 8.25 of the Fiscal Act?

2016-07-13 09:22:45|Laws & Regulations

Yes. However, the institution must write to the Ministry of Finance and Treasury stating the type, price and contractor of the project and obtain authorization by the Ministry in writing, prior to awarding the project.

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