Interpretation of "Regulations on the Implementation of Bidding Law"

Legal analysis: Bidding activities play an important role in the operation of market economy. However, with the development of bidding, various problems have begun to appear. In order to standardize the bidding activities, optimize the allocation of resources, improve the quality and efficiency of procurement, and prevent and punish corruption, the state has formulated the Bidding Law, and formulated supporting implementation rules to protect national interests, social interests and the legitimate rights and interests of the parties involved in bidding activities, so as to make the market economy develop more healthily.

Legal basis: Regulations on the Implementation of the Bidding Law of People's Republic of China (PRC).

Article 1 In order to regulate the bidding activities, these Regulations are formulated in accordance with the Bidding Law of People's Republic of China (PRC).

Article 3 The specific scope and scale standards of construction projects that must be subject to tender according to law shall be formulated by the development and reform department of the State Council in conjunction with the relevant departments of the State Council, and promulgated for implementation after being approved by the State Council.