Luoyang procurement and bidding network government procurement law implementing regulations of government procurement contract basic content:
Article 47 The financial department of the state council shall, in conjunction with the relevant departments of the state council to develop a standard text of government procurement contracts.
Article 48 The procurement documents require the winning or successful supplier to submit a performance bond, the supplier shall submit a non-cash form such as a check, money order, cashier's check, or a letter of guarantee issued by a financial institution or a guarantee institution. The amount of the performance bond shall not exceed 10% of the amount of the government procurement contract.
Article 49 If the winning or successful supplier refuses to sign the contract with the purchaser, the purchaser may determine the next candidate to be the winning or successful supplier in accordance with the order of the list of winning or successful candidates recommended in the evaluation report, or may re-open the government procurement activities.
Article 50 The purchaser shall, within two working days from the date of signing the government procurement contract, publicize the government procurement contract in the media designated by the financial department of the people's government at or above the provincial level, except for the contents of the government procurement contract involving state secrets and commercial secrets.
Article 51 The purchaser shall, in accordance with the provisions of the government procurement contract, timely pay the procurement funds to the winning or successful supplier.
The procedures for payment of funds for government procurement projects shall be carried out in accordance with the provisions of the state on the management of payment of financial funds.
Luoyang Municipal Government Procurement Network website:/
Luoyang Purchasing and Bidding Network Address: 25 Jing San Road, Zhengzhou, Henan Province
Luoyang Purchasing and Bidding Network Email: henancgc@126.com
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