dinero_admin With 57 votes in favor, the Legislative Assembly approved special provisions to expedite the contracting and financing of educational infrastructure projects. Among the key benefits are tax exemptions and advance payments of up to 50% of the awarded amount, to reduce time and costs in the execution of the works.
The new rules will allow public institutions to accelerate the remodeling and construction of schools. In addition, the contracted companies will be exempted from the Tax on the Transfer of Movable Goods (VAT) on local purchases and exports, as well as from tariffs and taxes on the import of machinery and necessary materials.
To access these benefits, companies must demonstrate proven experience in state projects and present financial guarantees, such as promissory notes for 100% of the contract. This is intended to prevent fraud, since in the past there have been delays of up to nine months due to false documents.
The Procurement Unit of the Ministry of Education will oversee verifying the legality of these guarantees. If false documentation is detected, the institution will be able to initiate a new bidding process without delay, thus preventing projects from being paralyzed.
Another key provision is that contracts may be modified or extended for reasons of force majeure or public interest. This provides greater flexibility to deal with unforeseen events without the need to initiate new bureaucratic processes.
The decree will be in force for two years and will prevail over any other conflicting regulations, including the Public Procurement Law. With these measures, the government seeks to accelerate investment in educational infrastructure and reduce bureaucracy in the contracting of works.
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