The Finance Ministry has announced that bids surpassing MVR 5 million will be accepted through the bidding portal.
Introduced in 2021, the bidding portal facilitates secure and convenient electronic bidding processes.
According to a circular released today by the Finance Ministry, all state procurements exceeding MVR 5 million will be exclusively conducted through this designated portal.
Effective immediately from the circular’s publication date, any procurements exceeding MVR 5 million that are part of the state’s general budget must undergo the bidding submission process exclusively through the auction portal.
ދައުލަތުން ކުރިއަށް ގެންދާ 5 މިލިއަން ރުފިޔާ އިން މަތީގެ ޕްރޮކިއުމަންޓްތަކުގައި ބައިވެރިވުމަށް މިހާރު ހުށަހެޅޭނީ ބީލަން ޕޯޓަލް މެދުވެރިކޮށް https://t.co/3UDmtt1VCN— Ministry of Finance (@MoFmv) November 13, 2023