ARTICLE
8 December 2016

Public Procurement Authority Requires Turkish Lira

PB
Pekin Bayar Mizrahi

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Pekin Bayar Mizrahi is a leading top-tier law firm located in Istanbul, Türkiye.

The firm was founded by Mr. Fethi Pekin, who was a former judge, in 1946. Ms. Sefika Pekin and Ms. Selin Bayar subsequently joined the firm. In time, the firm has broadened its areas of expertise and the sectors it advises; thereby becoming a “full-service” firm with a global reach. In 2021, its dispute resolution partner, Mr. Ergin Mizrahi, became a name partner and the firm changed its corporate name as Pekin Bayar Mizrahi.

With its local and international experience of 75 years, Pekin Bayar Mizrahi is now one of the largest law firms in Türkiye in both size and volume, employing around 60 fee earners. The firm also has liaison offices and affiliate counsels in numerous cities in Türkiye. The firm has international practice and its clients include States, large financial institutions, and transnational corporations from various sectors.

The Regulations amending the Public Procurement Application Regulations and the Communiqué amending the Public Procurement General Communiqué entered into force...
Turkey Government, Public Sector
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The Regulations amending the Public Procurement Application Regulations and the Communiqué amending the Public Procurement General Communiqué entered into force with the publication of the Official Gazette dated 29.11.2016 and numbered 29903. The regulations affected by these amendments are the Tender Application Regulations on Framework Agreements, Consultancy Service Purchase, Electronic Procurement, Service Purchase, Goods Purchase and Construction Works.

Before the publication of these amendments, it was possible to put out a tender in which the tenderers could submit their bids in a foreign currency. However, with these amendments, Turkish Lira is required to be used in all tenders that are within the scope of the Public Procurement Law No. 4734. This means that the tenderers shall submit their prices indicating their tenders and the total amounts thereof in Turkish Lira. Moreover, the payments shall be made in Turkish Lira to the tenderer who is awarded the contract. With these changes, there will no longer be any public tender in which the tenderers have the opportunity to submit their tender in another currency.

The tenders for which the bids have been received on or before the date of publication of these amendments shall be concluded in accordance with the provisions that were in effect on the date they were announced.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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