GOODS DELIVERIES UNDER THE PUBLIC PROCUREMENT ACT
In respect of the Public Procurement Act effective as of 1 October 2004 promulgated in the State Gazette No. 28 dd. 6 April 2004, Art. 90, para.1, subpara. 11 and Art. 104, para.1, subpara.9, the Exchange Member INTERBROKS LTD. accepts orders and performs exchange transactions concerning the purchase of goods subject to deliveries on public procurement assignments by government companies and entities.
The selection of negotiation procedure without announcement under Art. 90, para.1, subpara. 11 and Art. 104, para.1, subpara.9 of the Public Procurement Act through the Commodity Exchange facilitates the Assignor of the order to a great extent ensuring a much shorter period for the selection of supplier compared to the other procedures under the Public Procurement Act.
The Exchange on the other hand, through its mechanisms for exchange trading established years ago and due to the information about the various goods price movement incoming daily, provides conditions for the objective selection of a supplier and the timely conclusion of an exchange contract. The exchange contract is guaranteed according to the regulations of the Exchange through guarantee deposits paid in by the parties to the exchange transaction concluded.
According to Art. 29 para. 1 of the ruleson implementation of the Public Procurement Act (State Gazette No. 84 dd. 27.09.2004) the Assignor may decide to assign a public procurement through an exchange transaction when the order concerns the delivery of the following goods included in the supplement to the regulations:
unleaded petrol, leaded petrol, gas oil, diesel fuel, heavy fuels (black oil), lubricants, firewood, coal, briquettes.
beans, beef, veal, chicken, pork, non-carved, cooking oil, pasteurized milk, wheat flour, white sugar, salt.
wheat, maize, rice, barley, rye, oats.