Section 57, The Public Financial Management Act, 2016

(1) The bidding process for, and conclusion andadministration of, contracts for procurement of goods, works, and services shall be conducted in accordance with this Act and any other enactment regulating public financial management including public procurement and public-private partnership. (2) Subject to this or any other enactment, the Minister may by statutory instrument make regulations or orders with respect to all or any of the following matters: (a) the conditions under which contracts may be entered into; and (b) the security to be given in the name of the Government to secure the due performance of contracts. (3) Where any payment under a contract is withheld to ensure the due performance of the contract, such payment may, subject to this Act or any other enactment, be charged to the appropriation for the contract, and the amount so charged may be placed to the credit of a special account to be paid out in accordance with such contract and in such manner as the Minister may prescribe.