The Procurement and Bid Evaluation Guideline is issued in accordance with section 13(4) of the Local Content Act and is intended to:

(a)   Provide clarity to Contractors, Sub-contractors and Licensees on the Act as it relates to procurement requirements;

(b)  Ensure fair competition and transparency in tendering processes of Contractors, Sub-contractors and Licensees;

(c)   Ensure that there is preference to, or equal treatment of, Guyanese nationals and Guyanese companies; and 

(d) Ensure the procurement process of Contractors, Sub-contractors and Licensees support local capacity development and transfer of skills and technology.