Azerbaijan’s State Anti-Monopoly and Consumer Market Control Agency approved 5,523 electronic procurement transactions worth a combined 2.7 billion manats in the first eight months of this year.
According to the State Anti-Monopoly and Consumer Market Control Agency under the President of Azerbaijan, 5,523 electronic procurement transactions were formalized in the country between January and August this year. The combined value of these deals reached 2.7 billion manats.
Agency statistics show that, on average, 3.5 companies applied for each procurement competition during the period. In 72% of all procedures, the lowest price offer was selected.
During the same period, 2,445 open tenders worth a total of 53.1 million manats were completed, along with 3,078 price-quotation requests. Both methods form part of the competitive procurement model used in the country.
The agency noted that the competitive procurement approach allows different bids to be compared, helping contracting authorities secure more favorable terms.
