R1. The CGMP finances Algerian law firms (registered with the NRC) holding for public contract or wishing to participate in a public tender.
R2. The role of the Fund is to:
- Ensure a balance between the physical and financial development of public equipment projects by granting its guarantee or bond in all forms in order to facilitate the financial achievement of public contracts and orders;
- Relieve the company’s cash by granting cash credits in the form of an advance on the work debt or invoice situation or mobilization debt loan;
- Provide advice and follow-up by providing expertise and experience in public procurement.
R3. No, however, the CGMP grants supply bond of up to 50% of the contract amount before the actual start of the works, which greatly relieves the company’s cash flow.
R4. No, except where the latter is appointed as a contracting authority delegated in the name and on behalf of a contracting authority (dismemberment of the State) pursuant to a contracting agreement.