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Government Procurement and Contracting Mexican state-owned enterprises such as Petroleos Mexicanos (PEMEX), the Federal Electricity Commission (CFE), and local utilities offer considerable trade and investment opportunities for foreign and Mexican companies. However, the Mexican Procurement Code and its state law counterparts impose strict rules and procedures on both the tendering entity and private sector bidders. Minor errors in the preparation of bid documents may result in disqualification, and the renegotiation of contractual terms, which is both legally and practically difficult. Competitive factors, such as the law or other circumstances often lead contractors to bid as a consortium. In addition, although most major bids are open to foreign companies, regarding contracts requiring a physical presence in Mexico it is advantageous to employ a local subsidiary or special purpose entity. Solcargo provides a wide range of value-added services to foreign companies wishing to bid on government contracts including:
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