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(1) A contractor, subcontractor, licensee or other allied entity shall inform the Commission in writing of each proposed contract or purchase order

(a) related to petroleum activities which is to be sole sourced; or

(b) Where it is to be sourced by a competitive bidding procedure that is estimated to be in excess of the cedi equivalent of one hundred thousand United States Dollars.

(2) A contractor, subcontractor, licensee or other allied entity shall submit the following documents for the approval of the Commission:

(a) advertisements relating to expression of interest;

(b) requests for proposals;

(c) prequalification criteria;

(d) technical bid documents;

(e) technical evaluation criteria; and

(f) Any other information requested by the Commission to enable the Commission determine that the local content requirements have been complied with.

(3) The Commission shall, within ten working days of receipt of the documents, communicate its decision to the contractor, subcontractor, licensee or other allied entity.

(4) Where the Commission, without justifiable reason, fails to communicate its decision to the contractor, subcontractor, licensee or other allied entity within the period specified in sub-regulation (3), the submission shall be deemed approved.