If intending to enter into a subcontract through competitive bidding, a business entity entrusted with construction work prescribed by Presidential Decree for which a comprehensive review is required in terms of each bidder's bid price, construction performance capacity, social responsibility, etc. under Article 10 (2) of the Act on Contracts to Which the State Is a Party, as a construction bidding ordered by the State or by public enterprises or quasi-governmental institutions under Article 5 of the Act on the Management of Public Institutions, shall inform the bidders of the following matters regarding the construction subcontract bidding as prescribed by Presidential Decree:
1. Bid amount;
2. Successful bid amount and successful bidder (including trade name, representative, and location of a business office);
3. Where a successful bidder has failed to appear, the reasons therefor.[This Article Added on Jan. 11, 2022]