Cap. 438 Art. 60Contractsofsupply or works.

Without prejudice to any directions communicated by the

Minister under article 12(1), the Authority shall not, except with the approval of the Minister granted for special reasons, award or enter into any contract for the supply of goods or materials or for the execution of works, or for the rendering of services, to or for the benefit of the Authority, which is estimated by the Authority to exceed seven thousand euro (€7,000.00) in value, or such other amount as the Minister may by regulations prescribe, except after notice of the intention of the Authority to enter into the contract has been published and competitive tenders have been issued.