CHAPTER II

PUBLIC TENDER PROCEDURES
SECTION 7

Communication of the outcome

Notification of selection and award decisions
Article 34
1
The ECB shall notify its decision in writing and without undue delay to all candidates or tenderers whose applications or tenders are rejected.
2
The notification of the award decision shall be sent at least 10 days prior to the signature of the contract by the ECB if the notification is sent by fax or electronic means, or at least 15 days prior to the signature of the contract if other means of communication are used (
‘
standstill period
’
). The ECB shall not sign the contract with the successful tenderer until this standstill period has elapsed.
3
The ECB shall notify all concerned candidates or concerned tenderers whose applications or tenders are rejected of the reasons for rejecting their application or tender as well as the duration of the standstill period referred to in paragraph 2. The ECB shall notify any unsuccessful tenderer that has made an admissible tender, and who makes a request in writing, of the name of the successful tenderer as well as the characteristics and relative advantages of the successful tender.
4
The ECB may decide to withhold certain information where its release would affect other suppliers' legitimate commercial interests, would hinder the application of the law, might prejudice fair competition between suppliers or would otherwise be contrary to the public interest.
5
The ECB shall publish a contract award notice in line with the requirements of Directive 2014/24/EU in the Official Journal. The notice shall be sent to the Official Journal within 30 days following signature of the contract.
Substituted by Decision (EU) 2020/380 of the European Central Bank of 18 February 2020 amending Decision (EU) 2016/245 laying down the rules on procurement (ECB/2020/10).