(1) A procuring entity may continue any public procurement procedures in respect of the procurement of goods, services or works —
(a) commenced before the coming into operation of this Act; and
(b) which have not been determined, terminated or completed, as if this Act were not enacted, but the provisions of this Act applies to any contract which is awarded or executed as a consequence of such procedures.
(2) Where —
(a) a public procurement contract is executed before the commencement of this Act; and
(b) the public procurement contract is still subsisting, this Act applies to the public procurement contract as if that public procurement contract were executed under this Act.
(3) The Minister may make Regulations providing for any transitional matter arising as a consequence of the coming into operation of this Act or the Regulations.