Reason for extending the bid closing time must be clearly recorded on the System

Reason for extending the bid closing time must be clearly recorded on the System in Vietnam (Internet image)

Article 9 of Circular 06/2020/TT-BKHDT regulates the case of extending the submission deadline for investment project registration using land, extending the bidding closure on the System, the Department of Planning and Investment, and the bid solicitor shall post the extension notice along with the extension decision on the System in Vietnam, specifying the following information:

- Reason for extension;

- Expiry time for submitting project registration files, the bidding closing time after the extension;

- Name of the investor meeting the preliminary requirements for capacity and experience or pre-qualification winner in case of extension in accordance with point b clause 3 Article 6 of Circular 06/2020/TT-BKHDT or clauses 3, 4 Article 23 of Decree 25/2020/ND-CP.

In addition, investors submit project registration files using land on the System. Upon the expiry of submitting project registration files, the Department of Planning and Investment shall access the System and evaluate the project registration files submitted by investors. Clarification of project registration files (if any) will be carried out by the Department of Planning and Investment and the investors on the System.

Besides, when the System encounters a malfunction and temporarily suspends services, investment projects using land with submission deadlines during the malfunction period are extended as follows:

- If the malfunction is resolved and the System resumes operation between 00:00 and 12:00, the new expiry time shall be 15:00 on the same day, except for cases specified in clause 3 of this Article.

- If the malfunction is resolved and the System resumes operation between 12:00 and 24:00, the new expiry time shall be 09:00 on the following day.

- If the malfunction is resolved and the System resumes operation on Saturdays, Sundays, holidays, or Tet, the new expiry time shall be 09:00 on the first working day after the holiday.

More details can be found in Circular 06/2020/TT-BKHDT, which comes into effect in Vietnam from November 1, 2020.

Le Vy

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