News
New Online System For Government E – Tender Payment Disbursement

Muscat: A new online system known as, “Beneficiary Code System” has been implemented centrally and all contractors are required to issue invoices and receive payments for all government and Ministry contracts via this system, as confirmed by the Ministry of Finance.
In details published yesterday, the Ministry described the Beneficiary Code System (BCS) as an online service that “enables all government contractors such as individuals, enterprises, and companies to obtain a reference number through which their payments due for providing services or works to the government units shall be transferred.”
The security offered by this system is inherent that will provide each registered vendor a unique reference number (renewable every two years). Thus, follow up for pending payments can be done in a hassle – free environment.
A part of the www.mof.gov.om website’s ecosystem, the BCS specifies different registration processes for corporate entities with Commercial Registration (CR) numbers, on the one hand, and small-time individual private contractors, on the other.
-
Banking & Finance2 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, April 25
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines4 weeks ago
OER, May 2025