Page 93 - BASIC PRINCIPLES OF QUANTITY SURVEYING PROFESSIONAL PRACTICES

Politeknik Kota Bharu

• Companies must be invited to tender for construction projects
based on the following budgetary constraints:(Refer: Garis

Panduan Penilaian Tender Bahagian Perolehan Kerajaan,

Kementerian Kewangan Malaysia):

i. Tenders for works worth less than RM30 million must be

issued to bumiputra-owned (100%) companies.
ii. Tender for works estimated to be worth between RM30

million to RM50 million should be invited to:

• One hundred percent (100%) Bumiputra-owned
companies; or local companies listed on Bursa

Malaysia, i.e., companies established and
incorporated in Malaysia by citizens provided that

foreign individuals' shareholding does not exceed thirty

percent (30%) and the board of directors,
management, and employees are all owned by

bumiputra.
iii. Tender for works estimated to be worth more than RM50

million should be invited to:

• one hundred percent (100%) Bumiputra - owned
companies; or

• local companies listed on Bursa Malaysia; or

• a joint venture business incorporated in Malaysia

(whether or not it is listed on the KLSE) with a foreign

equity stake of no more than forty-nine percent (49%)
with the majority of the Board members, management,

and workers being Bumiputra.

77