Allocation of additional funds before the completion of the first stage of the contract
Allocation of additional funds before the completion of the first stage of the contract. There is also a possibility for the contracting authority to allocate an additional fund of 20% of the original offer. Such funds must be justified by reasons like unexpected difficulties caused by natural disasters, explicit changes in the market, changes in the price indexes, etc.
Cases of such additional funds being quickly allocated without a justification will be considered as a high risk of abuse with public money. The additional value of 20% is not subject to any competition, but it is in the discretion of the institution/contracting authority.
Show more