Sunday, April 18, 2021

Bolsonaro sanctions new legal tender framework

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The president Jair Bolsonaro sanctioned the new Bidding Law, which provides for permission for guarantee insurance and the creation of the National Public Procurement Portal, as published on Thursday in an extra edition of the Official Gazette.

The new law creates rules for the Union, States and municipalities and provides for five types of bidding: competition, tender, auction, auction and competitive dialogue. This last modality, inspired by experiences abroad, allows negotiations with potential competitors previously selected.

Among the criteria for judging concessions, the law provides, in addition to a lower price, better technique or artistic content, greater economic return, greater discount or bid.

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