(1) A subcontractor, licensee or other person that is not registered with the Commission but intends to bid for a contract shall, before submitting a bid for the contract,

(a) apply to the Commission for a Bidding Permit; and

(b) Pay in respect of the Bidding Permit, the fee specified in Part 7 of the Second Schedule.

(2) A permit issued under sub-regulation (1) is valid for a period of three months.