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As of Next Month - Infrastructure Companies Align Themselves with a Uniform Standard in the Field of Contracts and Tenders for Transportation Infrastructure Projects
Dear clients,

It was recently published that the Accountant General at the Ministry of Finance, the Director of the Government Companies Authority, and the Director General of the Ministry of Transport instructed the Transport Ministry's infrastructure companies to adopt binding operational guidelines for tenders.

The guidelines consist of a series of uniform standards for several key components of the contract and tender fields. For the most part, these uniform standards represent a significant improvement for the contractors operating in the field, compared with the varying standards currently employed. All Transport Ministry infrastructure companies must abide by the new standards as of 1.6.2019.

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The content in this Memo is provided for informational purposes only, and does not serve to replace professional legal advice required on a case by case basis. The firm does not undertake to update the information in this Memo, or its recipients, about any normative, legal, or other changes that may impact the subject matter of this Memo.

Should you have any questions or need additional information regarding this matter, please feel free to contact Adv. Rami Sofer, Head of the Corporate, Finance and Infrastructure Department: rami.sofer@goldfarb.com; Adv. Roy Aga, Partner, Corporate, Finance and Infrastructure Department: Roy.Aga@goldfarb.com; Adv. Gilad Kessler, Corporate, Finance and Infrastructure Department: gilad.kessler@goldfarb.com; or at: +972-3-6089369.