Pyeongtaek City Caps Single-Quotation Private Contracts with Any One Company at "5 a Year and 200 Million Won"

Mayor Choi Wonyong's Pledge Put Into Action
Preventing Contract Concentration and Expanding Local Business Participation
Contracts Exceeding the Limit Require Contract Review Committee Deliberation
Quarterly Review of Local Businesses' Participation Records

Pyeongtaek City in Gyeonggi Province will impose a per-company limit on single-quotation private contracts starting November 6. Contracts with the same company will be limited to five per fiscal year, with the total contract value capped at 200 million won.

A view of Pyeongtaek City Hall. Photo courtesy of Pyeongtaek City.

Pyeongtaek City, led by Mayor Choi Wonyong, said it had drawn up a "Plan to Promote Local Businesses and Restrict Private Contracts" to prevent contracts from being concentrated among specific companies and expand local businesses' opportunities to participate in public contracts. The measure fleshes out Mayor Choi's campaign pledge to "strengthen the system of giving priority to local businesses for locally commissioned construction projects."

Pyeongtaek City will strengthen preliminary procedures, including requiring a statement explaining the reason for the contract when a private contract is requested. If a contract must unavoidably exceed the limit, it will require deliberation by the Contract Review Committee.

The city plans to centrally manage contract data for publicly commissioned construction projects and compile and analyze local businesses' participation records every quarter.

Mayor Choi Wonyong said, "We will ensure that more local businesses participate in public contracts and that the resulting benefits create a virtuous cycle in the local economy. We will expand fair contracting opportunities and carry out transparent, trustworthy contract administration."

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