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Bidding procedures for investor selection plays an essential role in attracting resources and ensuring transparency in development projects. This process not only helps identify suitable investment partners but also contributes to improving the efficiency and quality of the project. In the article below, Long Phan will analyze in detail each step in the bidding process, helping investors and management agencies better understand this process and the most effective way to implement it.
Pursuant to the provisions of Clause 4, Article 1 of Decree 23/2024/ND-CP amended and supplemented in Decree 115/2024/ND-CP, projects subject to bidding must be held according to regulations and not related to land use or land acquisition, including:
According to the provisions of Article 46 of the Law on Bidding 2023, the investor selection process includes the following basic steps:
Step 1: Announce the business investment project:
Publicly announce the project to attract the attention of investors.
Step 2: Prepare for bidding:
Prepare, evaluate, and approve bidding documents.
Step 3: Organize bidding to select investors:
Step 4: Evaluate bid documents:
Step 5: Submit and approve results:
Step 6: Negotiate and sign the contract:
Finalize agreements and sign contracts with selected investors.
In addition, in case there are 02 or more investors interested, the competent authority needs to take additional steps:
Bidding documents are a core element in the bidding process, containing all the information necessary for contractors to prepare and submit appropriate bids. Pursuant to Article 48 of the Law on Bidding 2023, bidding documents include the following contents:
Bidding documents must not include any conditions that limit the participation of investors or create advantages for one or several investors, causing unfair competition.
The time it takes for the organization to select investors depends on the scale and nature of the project. According to Article 49 of the Law on Bidding 2023, the minimum time to prepare bids is as follows:
In other cases, the competent person will decide the time based on project progress but still ensure reasonableness and enough time for contractors to prepare quality documents.
Time is an important factor in bidding, to ensure the investor selection process takes place according to regulations and is highly effective.
At Long Phan, we provide professional consulting services, helping customers understand and comply with regulations on investor selection bidding procedures. Our services include:
The investor selection bidding process plays an important role in attracting and selecting investment partners for development projects. Complying with the correct steps and regulations in this process not only ensures transparency but also improves investment efficiency. If you have any questions or need in-depth advice, please contact Long Phan via the hotline 0906735386.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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