Determination of Fair Prices
Prior to the tender to be launched by the public institutions and organizations, market research is carried out in order to determine the approximate cost prescribed in Article 9 of the Public Procurement Law No. 4734. Within this framework, if necessary, the results obtained by taking the opinions of the relevant professional committees are forwarded to the requesting official institutions and organizations.
Fair prices are determined by taking into account the average or closest value of the prices to be obtained by certified, if possible, from at least three businesses engaged in the goods or services for which the fair price determination is desired. In the absence of this number of businesses, how many businesses are charged separately.
The fair price of the items subject to the stock exchange is determined by taking into consideration the prices registered in the stock exchange on the requested date. In the event that the price or price of the goods or services for which price determination is requested is not available or not available, the relevant parties shall be notified in writing.
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