SECTION 8

(1) The Contracting Authority shall initiate and conduct contract award and implementation activities. To this effect, it shall: - carry out all the activities related to prerequisites for the award and execution of contracts; - draft and update the contract award plan and forward a copy thereof to the Authority in charge of Public Contracts and the body in charge of regulation; - prepare draft tender and consultation files and submit them to the Internal Tenders Board for examination; - launch invitations to tender; - award, publish results, sign and notify contracts, amendments; - sign and notify instructions to the contractor; - follow up the physical and financial execution of contracts; - terminate contracts, where need be; - seek prior approval from the Board of Directors for exceptional procedures. (2) For each public corporation, the Contracting Authority may, where need be and after deliberations of the Board of Directors, delegate its duties as Contracting Authority to one or several officials of the corporation. III. Internal Tenders Boards