The Maldivian public tender regime is governed under the Public Finance Act and the Public Finance Regulations. Over the turn of the decade, the public procurement has seen progressive changes to align with principles of fairness, transparency and efficiency. This was largely due to continual increase of government expenditure on public infrastructure and development projects through Public Sector Investment Programs (PSIPs).
The National Tender Board run under the Ministry of Finance regulates and administers the public procurement function of both the Government as well as local Councils. Additionally, the National Tender Board centrally undertakes all government procurements or public tenders above the threshold of MVR 5 Million.
The Procurement Policy Board, established under the Ministry of Finance with the enactment of the 7th amendment to the Public Finance Act, is tasked with formulating fair, equitable, transparent, competitive and cost-effective policies, procedures and processes for the procurement of goods and services, works, consultancy services; and induce accountability of government agencies in relation to tendering and public procurement.
The seven-member Procurement Appeals Board, also established under the Ministry of Finance under the 7th amendment to the Public Finance Act, is the official administrative body that hears and decides on complaints related to public tenders carried out by different public agencies and authorities including local councils.
How we help clients
At Atoll Chambers, we help our clients, which includes both local and international firms, contractors and service providers who partake in the public procurement process, in ensuring they are well advised on the development of public procurement practices and procedures.
We also assist aggrieved parties in lodging complaints before relevant authorities as well as devising and executing litigation strategies and plans in case where the client elects to bring forth a claim based on the outcome of decisions in respect to administrative complaints filed.