Post by account_disabled on Oct 18, 2023 12:21:20 GMT 1
The New Bidding Law will have major impacts on the Compliance of private companies that contract with the Public Administration.
For large contracts, with an estimated value exceeding R$200,000,000.00 (two hundred million reais), an Integrity Program and Reporting Channel will be mandatory .
President Jair Bolsonaro sanctioned the country's new Brother cell phone list Bidding and Administrative Contracts Law, which replaces the current one, in force since 1993 ( Law 8,666 ).
Law was published on the 1st with 26 vetoes, which will now be analyzed by the National Congress, on a date to be scheduled.
Find out here in which states the Compliance and Reporting Channel Program is mandatory.
The New Bidding Law makes it mandatory for the winning bidder to implement a Compliance Program and Reporting Channel , within 6 months, counting from the conclusion of the contract.
In the contracting of major works, services and supplies, the notice must provide for the mandatory implementation of an integrity program by the winning bidder, within 6 (six) months, counted from the conclusion of the contract, in accordance with the regulations that will provide for the measures to be adopted, the form of proof and the penalties for non-compliance.
The New law represents a major advance, as it seeks the effectiveness of Compliance Programs within companies.
It is important to highlight that failure to implement the Integrity Program results in the impossibility of bidding or contracting with the Public Administration until the obligation is fulfilled, in the case of large contracts, with an estimated value exceeding R$200,000,000.00 (two hundred million reais).
What is a Compliance Program?
Compliance is an English term that means “to comply” , that is, to be in conformity, to obey, to satisfy what has been imposed, to commit to integrity.
The Compliance Program is defined as a set of procedures for complying with general rules , as if it were a step-by-step guide for organizing all activities.
One of the biggest pillars of the Compliance Program is the external Reporting Channel.
An Integrity Program without a Reporting Channel is useless.
The Reporting Channel is an independent system for recording occurrences of unethical , inappropriate conduct or conduct that violates legislation that may affect the company's image or financial results and the working environment.
Through it, it is possible to reduce fraud and financial losses, prevent and reduce cases of harassment and shield the company's image and reputation. Find out more benefits here .
Other Impacts of the New Bidding Law
Bidder Rehabilitation
The Bill provides as a condition for the rehabilitation of the bidder or contractor to have a Compliance Program or its improvement.
For large contracts, with an estimated value exceeding R$200,000,000.00 (two hundred million reais), an Integrity Program and Reporting Channel will be mandatory .
President Jair Bolsonaro sanctioned the country's new Brother cell phone list Bidding and Administrative Contracts Law, which replaces the current one, in force since 1993 ( Law 8,666 ).
Law was published on the 1st with 26 vetoes, which will now be analyzed by the National Congress, on a date to be scheduled.
Find out here in which states the Compliance and Reporting Channel Program is mandatory.
The New Bidding Law makes it mandatory for the winning bidder to implement a Compliance Program and Reporting Channel , within 6 months, counting from the conclusion of the contract.
In the contracting of major works, services and supplies, the notice must provide for the mandatory implementation of an integrity program by the winning bidder, within 6 (six) months, counted from the conclusion of the contract, in accordance with the regulations that will provide for the measures to be adopted, the form of proof and the penalties for non-compliance.
The New law represents a major advance, as it seeks the effectiveness of Compliance Programs within companies.
It is important to highlight that failure to implement the Integrity Program results in the impossibility of bidding or contracting with the Public Administration until the obligation is fulfilled, in the case of large contracts, with an estimated value exceeding R$200,000,000.00 (two hundred million reais).
What is a Compliance Program?
Compliance is an English term that means “to comply” , that is, to be in conformity, to obey, to satisfy what has been imposed, to commit to integrity.
The Compliance Program is defined as a set of procedures for complying with general rules , as if it were a step-by-step guide for organizing all activities.
One of the biggest pillars of the Compliance Program is the external Reporting Channel.
An Integrity Program without a Reporting Channel is useless.
The Reporting Channel is an independent system for recording occurrences of unethical , inappropriate conduct or conduct that violates legislation that may affect the company's image or financial results and the working environment.
Through it, it is possible to reduce fraud and financial losses, prevent and reduce cases of harassment and shield the company's image and reputation. Find out more benefits here .
Other Impacts of the New Bidding Law
Bidder Rehabilitation
The Bill provides as a condition for the rehabilitation of the bidder or contractor to have a Compliance Program or its improvement.