The National Tender Board, responsible for assessing tenders and awarding contracts for government projects, has been reconstituted under President Dr. Mohamed Muizzu.
The newly formed Tender Board has appointed Deputy Minister Ahmed Saaid from the Finance Ministry as its Chairman and Abdulla Imran as the Vice Chair. The board comprises five additional members: Munthaz Abdul Raheem, Adam Badrullah, Mohamed Shanoon Fuad, Fathmath Mohamed Didi, and Uza. Aminath Zeeniya.
One of the essential roles of the Tender Board is to evaluate projects worth more than MVR 5 million, ensuring the prudent use of public funds and the successful execution of government initiatives.
The timing of this reconstitution is noteworthy, as the Parliament’s Budget Committee has recently approved the state budget for the upcoming year. The budget allocates MVR 8.9 billion for 317 development projects under the Public Sector Investment Program (PSIP). However, Minister of Finance Dr Mohamed Shafeeq has highlighted the need to re-examine some projects in light of the state’s financial situation. This re-evaluation may result in the postponement of certain projects to ensure responsible fiscal management.