2.
(1) Subject to subsection (2), the provisions of this Act shall apply to every public contract where the contract cost exceeds five million rupees. |
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(2) The provisions of this Act shall not apply-
| | (a) to any public contract or any class of public contracts that the President may in the interest of national economy, exempt by general or special order; | | |
| | (b) to a sale by public auction by any public body. | | |
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