The Law consists of 8 Chapters that contain 63 articles. This Law provides the terms and procedure governing public procurement. The purpose of this Law is to ensure greater efficiency in the use of Budget or public funds by: 1) transparency; 2) effective disbursement control; 3) competitive environment; 4) incentives for economic development. For the purposes of public procurement, any of the following may act as principal business corporations which carry on any one or several of the following