Legal framework — Romanian Commodities Exchange Terminal Giurgiu
The legal basis for procurement on the BRM commodities market, including the Giurgiu terminal.
Legal framework of the Romanian Commodities Exchange Terminal Giurgiu
The BRM system is fully operational and works under public-procurement legislation. Procedures can be started immediately.
European Directive 2014/24/EU
“Finally, a procurement procedure is not useful where products are purchased on a commodity market, including trading platforms for commodities such as agricultural products, raw materials and energy exchanges and where the regulated and supervised multilateral trading structure naturally guarantees market prices.” Recital (50), fourth paragraph
Law no. 98/2016 on public procurement
Under Art. 104(5)(c), the contracting authority may apply the negotiated procedure without prior publication of a contract notice for the award of public contracts / framework agreements “for products quoted and purchased on a commodity market”.
Law no. 99/2016 on sectoral procurement
Under Art. 117(1)(g), the contracting entity may apply the negotiated procedure without a prior invitation to a competitive tendering procedure “for products quoted and purchased on a commodity market”.
Law no. 357/2005
It regulates commodity exchanges and the categories of fungible products admitted to trading on the spot and futures markets.
Frequently asked questions — Romanian Commodities Exchange Terminal Giurgiu
What is the Romanian Commodities Exchange Terminal Giurgiu?
Romanian Commodities Exchange Terminal Giurgiu is the BRM S.A. workplace administered by the Giurgiu Chamber of Commerce. BRM S.A. administers a regulated commodities market under Law no. 357/2005.
Who can buy on the Romanian Commodities Exchange Terminal Giurgiu?
Contracting authorities and interested entities can procure on the BRM Spot Market, on specialised rings (energy, petroleum, construction, roads, general goods).
What is the BRM Giurgiu terminal phone number?
BRM Giurgiu terminal phone: 0729 167 114. CCIAGR headquarters: 5 Dr. Ion Munteanu Street, Giurgiu. Write through the contact form on the website.
Why choose BRM Giurgiu for procurement?
Romanian Commodities Exchange Terminal Giurgiu offers a fast procedure (maximum 7 days), competitive prices, a competitive environment, an exchange guarantee and zero organisation costs for the contracting authority.