Methods and Procedures to Form the Government Contracts in Saudi Essay

Methods and Procedures to Form the Government Contracts in Saudi Arabia and the UNICTRAL Rules - Essay Example It compares it with the Saudi legislation in the government contracting procedures. Government procurement market is one of the largest markets in the world. Countries spend billions of dollars yearly to meet the needs in the various sectors of health, educational and municipal services, communications and technology. Therefore, it is not unforeseen that the issue of government procurement obtains great attention and consideration locally and internationally. Government Contract is an important tool used by the administration to achieve its requirements to ensure that the regularity of the public utilities. In consideration of the importance of government procurement law, many local and international organizations and conventions address government the contracting procedures. One of these agencies is the United Nations through â€Å"The United Nations Commission on International Trade Law (UNCITRAL). It is a â€Å"Model Law on Procurement of Goods, Constrictions, and Services with Guide to Enactment.† The law empowers countries around the world to reconsider their local laws on government procurement that contains uncertainty, lack of clarity, and lack of transparency. Therefore, when countries are drafting their laws, this model law can guide them. Thus, the UNICTRAL Model Law is a model for comparison between its rules and the Government Tenders and Procurement law of Saudi Arabia, which was enacted by the Royal Decree No. M/58 dated 27 September 2006. The papers scope is limited to clarifying the contracting procedures of the government agency in Saudi Arabia when choosing the contracting party. It relates to the Government Tenders and Procurement Law. The process is applicable in the contracting to purchase items or services, whether the contracting method is sealed bidding, limited tender or the direct purchase method. Before 1966, Saudi Arabia lacked an integrated law specialized in organizing the contracts entered