Procurement Guidelines under loans extended by the OPEC Fund

5. Detailed procedures to be specified in loan agreements The OPEC Fund review of prequalification procedure: Normally, the OPEC Fund wishes to review prequalification procedures and criteria. Therefore, unless the loan agreement with the OPEC Fund provides otherwise, the recipient should, before applications to qualify are invited, inform the OPEC Fund in detail of the procedure to be followed and should introduce such modifications in the procedure as the OPEC Fund shall reasonably request. The list of prequalified firms, together with a statement of their qualifications and the reason for the exclusion of any applicant for prequalification, should be furnished by the recipient to the OPEC Fund for its review and comments before the applicants are notified.