Standards for Time-limits for Tendering Article 10

An entity conducting procurement may, unless otherwise provided by this Standards or by any treaty or agreement to which this nation is a party, upon approval of the head of the entity or the person authorized by the head, prescribe a reasonable tendering period based on the characteristics and actual needs of the subject procurement, if any of the following circumstances applies:1. where qualified suppliers on the permanent list of qualified suppliers established in advance pursuant to Article 21 of the Act are being invited to tender, and a tendering period has been otherwise provided for in the documentation for qualification of suppliers;2. where procurement is conducted by a government-owned enterprise for the purposes of commercial resale or production of goods or provision of services for resale, and it is necessary to reduce the tendering period considering the characteristics or actual needs of the subject procurement;3. where procurement involves raw materials, raw supplies, or agricultural or mineral products of which the market price is fluctuating; or4. where the subject of procurement is widely sold by suppliers in the market, and the contents of the tender documentation and tenders are simple.