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Wednesday, July 6, 2011

Mongolia Briefing is a magazine and daily news service about doing business in Mongolia. We cover topics relating to the Mongolian economy, the market in Mongolia, foreign direct investment and Mongolian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates

Ulaanbaatar Welcomes the Official Inauguration of the City Procurement Office

By Elena Fehrbach

May 23 – The City Procurement Office of Ulaanbaatar or Tender Agency has been officially inaugurated in Ulaanbaatar. The authority is aiming to work with the State and local funds to organize the procurement of goods and services.

The Agency has been established in October 2012 and D. Terbishdagva, the Deputy Minister has been in charge of it. During the inauguration ceremony, D. Terbishdagva and N. Altankhuyag, the Prime Minister, have presented the report on the Agency activities over the last 6 months. N. Altankhuyag stated at the ceremony that the work performed by the Agency has become transparent, fair and more economically efficient and since now, the tenders will be organized under the transparent and fair management.

It is also important to mention, that during the past 6 months an electronic procurement system has been introduced, which is undoubtedly a big step forward. The new electronic system allows to make the tender participation process more efficient in terms of time and less expensive in terms of handling fee. Traditional operational system assumes spending of MNT218,000 (equivalent to US$155) to operate with each tender, while new electronic system will require just MNT16,250 (US$12).

As one of the key Implementing Agencies, the Tender agency will organize 357 different projects and events in the nearest year. Currently, the record of tender projects include 198 tenders that have been announced, out of which 71 tenders for works, 81 tenders for provision of goods and 46 tenders for consultancy services.

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