Regulations Governing the Organization of the Selection Committee and the Evaluation for Private Participation in Infrastructure Projects Article 20

If it is stated in the tender documents that negotiations may be conducted during the comprehensive review, the Selection Committee shall, according to the evaluation criteria prescribed in Article 3, conduct the preliminary review based on the investment proposal and relevant documents submitted by the qualified applicants, and select no more than three applicants as the nominated applicants. The Committee shall then negotiate with the nominated applicants and select the best applicant depending on the investment proposals resubmitted by the nominated applicants. If necessary, the second best applicant may be selected.The Selection Committee may authorize the task force to conduct the negotiations with the nominated applicants specified in the preceding paragraph. The task force shall append the results of negotiations to the investment proposal re-submitted by the nominated applicants and submit the documents to the Committee for further evaluation.