Regulations on the Installation of Public Art Article 24

At the valuation meeting the following will be reviewed: budget, materials, number, size, installation, management and maintenance methodologies, and other related matters. The resolution adopted at this meeting shall serve as reference for negotiating a price floor.After the resolution has been adopted at the valuation meeting, the implementing agency (organization) shall, in accordance with the provisions governing limited tendering in Subparagraph 2 of Paragraph 1 of Article 22 of the Government Procurement Act, conduct price negotiations and, having reflected the content of the valuation meeting resolution in its draft contract, sign a contract. However, where the provisions of Paragraph 4 of Article 22 concerning a fixed fee are applied, a price floor need not be set; a lower price may be negotiated and, other items may be decided upon via resolution by the valuation meeting.The aforementioned results of the contract awarding and the list of executive task force members shall be published on the Ministry of Culture’s Public Art website as well as the Government e-Procurement System website.