(1) Subject to subregulation (2), Fund project implementation contracts shall be awarded on the basis of an open competitive bidding procedure.
(2) Notwithstanding subregulation (1), the Commission may, where it is deemed appropriate, award Fund Project implementation contracts on the basis of a restricted bidding procedure, a sole source procurement procedure or an emergency procurement procedure.
(3) The Commission shall determine which method of procurement is appropriate in the circumstances and manage the procurement process in accordance with the requirements and procedures set out in the guidelines.