Ley de Licitaciones (Biddings Law) is a legal instrument designed to rule, modernize and enable the contractor selection procedures, which are executed by public organs like societies, among others, in whose funds or social capital, the Republic and / or other legal entities specified by the law, hold 50% or more of the shares. That is the case of CVG MINERVEN, an enterprise of Venezuelan State.

The law establishes three types of selection procedures: General Bidding, Selective Bidding, and Direct Adjudication. The three of them are oriented by the principles of economy, transparency, honesty, efficiency, equality, competence and publicity, which shall distinguish the behavior of the Contracting entity in any act of bidding process.

Observing those principles involves orienting the contractor about the different processes and their stages, seeking in order to guarantee the biggest and best participation o the most capable competitors, which is the fundamental motive of this page. In these processes, rules concerning temporary measures for the promotion of the small and medium industries and cooperatives, that produce goods or offer services located in the country and included in the 1892 Decree, published in the Gaceta Oficial n° 37.494 on July 30th 2002, will be applied.