This information will help to Customer save time, money and effort before joining the Bid in Vietnam.
1. What is the foreign Contractor defined?
- Foreign contractor in bid in Vietnam means an organization established under foreign law or an individual of foreign nationality.
- Domestic contractor means an organization established under Vietnamese law or individual of Vietnamese nationality participating in bid.
2. Does foreign Contractor have the right to join bid in Vietnam?
The foreign Contractor only have the right to join in bid in Vietnam in 2 cases:
- For international bid, foreign Contractor need to have a partnership with domestic contractors or use sub-contractors.
- For domestic bid, domestic contractors have not full capability to participate in any part of procurement.
3. Valid of bid dossier
It is calculated from the time of bid closure to the end effect day as prescribed in bidding invitation dossiers. From the time of bid closure until ending of 24 hours of day of bid closure is calculated as 01 day. So, your dossier should be written from the date of bid close to the end of the date written in the invition dossier.
4. Bid security
If foreign Contractor have a partnership with Vietnamese Contractor participate in bid, every member in partnership may perform separate bid security or make agreement in which one member will be responsible for implementation of its bid security or for bid security of other members in partnership.
5. Partnership
When foreign Contractor and Vietnamese contractor agree to be partners in a bid, it must have written agreement among members, in which clearly stating responsibilities of head of partnership and general responsibilities, separate responsibilities of each member in partnership.
All members participating in partnership must directly sign and affix their seal (if any) on the written contract. The content about percentage of divided work must be the same with the submitted dossier, except for the investor agree the different percentage.
BK Law will help you to consult bid matters, prepare the dossier to submit for investor/ Bid Inviter as well as handle with arsing situations.