Article 505: Valuation of Procurement

1. An entity shall estimate the procurement value as at the time of publication of a notice of a call for tenders in accordance with Article 506.

2. An entity shall, in calculating the procurement value, take into account all forms of remuneration including premiums, fees, commissions and interest.

3. No entity shall prepare, design or otherwise structure a procurement, select a valuation method or divide procurement requirements in order to avoid the obligations of this Chapter.