With the support of the Strengthening Fiscal and Financial Stability Project, the Ministry of Finance had developed the "Procedure for disclosing a bid awarded a contract to other bidders "and secured approval by Decree No.132 of 2019 of the Minister of Finance. The e-procurement system /www.tender.gov.mn/ is being revamped in light of the implementation of the approved procedure.
This procedure aims to disclose the bidding documents to the bidders and monitor whether the procuring entity has conducted the tender under the relevant law and regulation.
A total of 2,520 entities in 2020 and 3,160 entities as of November 2021 have reviewed the selected bidder's bidding documents and monitored the legality of the procuring entity's decision.
By improving the information transparency, the external monitoring has been enhanced, which has enabled the bidders to file complaints on the client's illegal actions and reduced the delays in the tender process caused by invalid complaints.
What opportunities does the procedure provide the bidders?
Bidders can review the documents submitted by the successful bidder to ensure whether that bidder's bidding document was qualified as the best-evaluated bid and verify that the client's decision was not faulty.
When can bidders review the documents?
Within five working days from the date of the tender result announcement, other unsuccessful bidders may review the non-confidential part of the bidding document of the successful bidder.
What responsibilities does the client have?
The tender evaluation committee established by the client shall publish the tender results accurately, concisely, and clearly in the "E-Procurement System"/www.tender.gov.mn/ on the day of the tender result announcement. The date of publication of the tender results can be seen in the public tender results menu of the "E-Procurement System"/www.tender.gov.mn/.
The information that the bidders must disclose or keep confidential shall be indicated in the bidding document preparation phase.
In the case of traditional or paper form tenders, the client shall be required to disclose the non-confidential part of the bidding documents of the successful bidder based on the formal request.
What if the successful bidder's document is inactive or unable to view in the system?
It is impossible to review the bidding documents if the time has expired or more than 5 working days have passed since the announcement of the bidding results.
However, it is a violation that the submitted bidding documents are completely confidential before the above-mentioned period expires. The bidders may file a complaint with the Ministry of Finance on the ground of the client has awarded the contract to the bidder, whose bidding documents are entirely confidential. Bidders also have the right to file a complaint if the mandatory information in the bidding documents that are not required to be kept secret is submitted as confidential.
The procedure for disclosing a bid awarded a contract to other bidders can be accessed here.
MONGOLIA'S DELEGATION PARTICIPATES IN 36TH EAG PLENARY MEETING
The meetings of the EAG Working Groups and the 36th Plenary Meeting of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) were held in Tashkent (Republic of Uzbekistan) from May 30 to June 2, 2022.
INFORMATION ON THE DEPOSIT INSURANCE CORPORATION OF MONGOLIA AND THE COMPENSATION SYSTEM DEVELOPMENT
The Deposit Insurance Corporation of Mongolia is a non-profit legal entity which was established under “The Bank Deposit Insurance Law,” and one of its main functions is to provide compensation to insured depositors. With support from the Strengthening Fiscal and Financial Stability project, jointly funded by the World Bank and the Ministry of Finance, the development of the compensation system is in its preparatory stages. With the implementation of the system, it will become possible to access depositor information and make calculations based on the information. Also, it will be possible for the reimbursing bank to connect to the system and make compensations, exchange reports and information, and file complaints.
A GRAPHICAL USER INTERFACE VIEWS OF KEY PERFORMANCE INDICATORS OF THE GOVERNMENT OF MONGOLIA’S 10 TRILLION MNT COMPREHENSIVE PLAN
Note: This picture depicts the main visualization and analytics view of the Government’s 10 trillion MNT Comprehensive Plan aimed at economic recovery and health protection
MOF MENTORSHIP PROGRAM – AN OPPORTUNITY TO GET ACQUAINTED WITH THE ACTIVITIES OF THE MINISTRY OF FINANCE OF MONGOLIA
With the support of the European Union and the World Bank, the Ministry of Finance of Mongolia, in cooperation with Unread Media, is launching the “Budget Your Future” campaign. The purpose of this campaign is to support the Government's effort to strengthen fiscal transparency and accountability in Mongolia. The campaign will provide the public with a variety of content and events, a simple understanding of the budget as well as information on how to participate during the budget cycle - budget proposal, approval, and execution.
A NEW HYBRID PMT METHODOLOGY FOR ASSESSING HOUSEHOLD LIVING STANDARDS HAS BEEN APPROVED
Within the framework of the “Strengthening Fiscal and Financial Stability Project” implemented in cooperation with the World Bank, the Ministry of Labor and Social Protection (MLSP) provided technical assistance to improve the methodology for defining poor households.
THE MOF PLANS TO PRESENT THE DRAFT AMENDMENT TO THE FINANCIAL LEASING LAW TO THE PARLIAMENT FOR RATIFICATION
Within the framework of the "Strengthening Fiscal and Financial Stability Project," jointly implemented by the Ministry of Finance of Mongolia and the World Bank, one of the key objectives is to enhance the stability of the financial sector of Mongolia.