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What is Reference and Estimated Value Guidelines about?

The document explains the difference between the reference value and the estimated value for state procurement processes. The estimated value is determined before the call for tenders through market inquiries to understand the applicable costs. The reference value specifically applies to works and consultancies, is based on the detailed budget of the project, and cannot be more than 6 months old. Both values aim to adequately estimate the resources necessary for procurement.

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ScribdTranslations

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EN