Additional Price Difference In Public Tenders And Assignment Of Tender Agreements

A provisional article was added to the Public Procurement Agreements Law (the "Law") on 19.01.2022 in order to provide an additional price difference upon the request of the contractors and to enable the contractors to assign their tender agreements with the approval of the relevant tender authority for certain procurements of goods/services and construction works. The purpose of this additional provision was to eliminate the negative implications of disruptions on supply chains (including supply of raw materials) and in the unexpected increases in input costs of the contractors in the world. The President was authorized to determine the principles and procedures (including the application period) of additional price difference in public tenders and assignment of tender agreements.