Section 4: Competitive public bidding for projects and contracts

(1) Upon an approval for any project or contract for financing, construction, operation or maintenance of any infrastructure or development project under this Act, the Federal Government Ministry, Agency, Corporation or body
concerned shall, by publication in at least three national newspapers having wide circulation in Nigeria, and such other means of circulation, invite open competitive public bid for such project or contract approved under this Act.
(2) With respect to projects under this Act, the concession contract shall be awarded to the bidder who, having satisfied the prequalification criteria, submits the most technically and economically comprehensive bid.
(3) Where a consortium participates in a bid under this Section, there shall be proof by the consortium that all its members shall be bound jointly and severally under the contract and the withdrawal of any member of the consortium before or
during the implementation of the project may be a ground for review or possible cancellation of the contract.