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Tag Archives: local content bill

Local content law requires oil sector to competitively bid for goods, services; gives priority to Guyanese

Guyana’s Local Content Bill, if passed in its current form, will require oil sector companies to competitively bid for the supply of goods and services, even as it specifies quota for Guyanese companies and Guyanese individuals. “A Contractor, Sub-Contractor or Licensee shall award a contract on the basis of a competitive bidding procurement procedure that has been initiated by a ...

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