TERM
Principle of Transparency (Law No. 4734, Article 5)
Transparency is one of the fundamental principles of Law No. 4734. It means that contracting authorities carry out their tender procedures openly to the public, save for procedures that must necessarily be confidential, such as the confidentiality of the estimated cost. To that end, save in compulsory situations, a tender notice must be published, the tender documents must be drawn up intelligibly, and procedures consistent with competition must be carried out.