Principles On Calculating Additional Price Difference And Assignment Of Contracts In Public Procurement Were Published

Recent development

Implementation Principles related to the Provisional Article 5 of Public Procurement Contracts Law No. 4735 ("Provisional Article 5") regarding calculating additional price difference and assignment of contracts, which entered into force on 22 January 2022, were published in the Official Gazette No. 31760 dated 24 February 2022 and became effective on the same date ("Implementation Principles"). You may access the Implementation Principles in Turkish, here.

What do the Implementation Principles bring?

Provisional Article 5 already provided the opportunity to calculate an additional price difference and assign contracts that have been signed based on Turkish lira prices as a result of public tenders conducted under the Public Procurement Law No. 4734 ("Public Procurement Law") before 1 December 2021, and continuing as of 22 January 2022, or under which acceptance or preliminary acceptance was made without terminating or dissolving contracts