Code of Practice on Procurement of Supplies, Goods and Services
4.0
NUMBER OF TENDERS TO BE INVITED
4.1
Where tender is required pursuant to section 20A of or paragraph 5 of Schedule 7 to the BMO, the minimum number of tenders to be invited shall be as follows –
- three in the case of a contract for the procurement of supplies, goods or services the value of which exceeds $10,000 but does not exceed $200,000; or
- five in the case of a contract for the procurement of supplies, goods or services the value of which exceeds $200,000.
4.2
Where the number of valid tenders obtained is fewer than the number of tenders stipulated above, the MC shall pass a resolution to accept or reject the tender exercise.