Revised Law on Procurement of Goods, Works, and Services with State and Local Property Funds, and its key changes

Mongolia • No.5/2024 • May 2024

In brief

The Parliament of Mongolia adopted the Revised Law on Procurement of Goods, Works, and Services with State and Local Property Funds (“Revised Public Procurement Law”) on June 16, 2023. This law came into effect on January 1, 2024. It aims to increase transparency in government procurement, reduce human intervention, accelerate the tender selection processes, and enhance the accountability and control systems. In light of this tax and legal update, we highlight the key changes introduced by the Revised Public Procurement Law.

Key changes

The procurement process will be conducted entirely through an electronic system

The document will be verified by a digital signature

Partnerships and Subcontractors

Foreign entity

Manifestly unlawful contract

Tender selection

Tender selection methods

Evaluation criteria 

Dispute Resolution

Dispute Resolution procedure