Guinea - Selling to the GovernmentGuinea - Selling to the Government
The rules governing sales to the Guinean government vary, depending on the amount of investment, source of funds, and nature of the material. Donor countries and institutions stipulate the bidding and award rules for foreign financed public investment projects. The Guinean Central Procurement Agency (AGCP) handles projects and contracts valued at over USD 1 million. The public market handles projects and contracts that are valued under USD 1 million. The government has recently identified the lax procurement regulatory environment as one of the most serious corruption loopholes, and has targeted it for reform. These projects and contracts generally go to Guinea-based companies, and there have been allegations of non-competitive practices. Ministries and government organizations are responsible for the procurement of their own materials and services (not as part of an investment project); they generally order from local representatives or from foreign sources. In many cases, the government does not meet payment obligations in a timely fashion, so advance payment is strongly recommended.
Many governments finance public works projects through borrowing from multilateral development banks. Please refer to the “Project Financing” section in “Trade and Project Financing” section for more information.