Regulation 12:(1) A contractor, subcontractor, licensee or other allied entity shall not award acontract based solely on the principle of the lowest bidder. (2) Where an indigenous Ghanaian company has the capacity to execute t job, thatindigenous Ghanaian company shall not be disqualified exclusively on the basis that it isnot the lowest financial bidder.         (3)! Where the total value of the bid of a qualified indigenous Ghanaian companydoes not exceed the lowest bid by more than ten percent, the contract shall be awarded tothat indigenous Ghanaian company.(4) Where during an evaluation of bids, the bids are adjudged to be equal, the bidcontaining the highest level of local content shall be selected.(5) Where a non-indigenous Ghanaian company is required to provide goods andservices to a contractor, subcontractor, licensee, or other allied entity, that non-indigenousGhanaian company shall(a) incorporate a company in Ghana as provided in regulation 4(5) and operateit from Ghana; and(b) provide the goods and services in association with an indigenous Ghanaiancompany, where practicable.(6) The Commission shall establish bid evaluation guidelines in accordance with applicablelaws and regulations for ensuring that the year on year progression of the local content objectivesof these Regulations are met.