Reykjavik Energy has an official registered policy to issue open calls for tender for the purchase of goods, services and construction work, and to accept the most favourable offer. Otherwise private requests for tenders shall be made, mostly through invitations for bids, direct contracts or direct procurement. The favourableness of offers is often evaluated on the basis of more factors than price. These include, among others, safety and environmental issues and there are provisions in the tender documents to avoid the constant changing of social security numbers by certain companies.
Reykjavik Energy has laid down joint liability in its work contracts with a view to protecting the rights of the employees of contractors and their sub-contractors. Evaluations of contractors are based on their performance in security and environmental issues as well as the quality of their work and reporting. If a contractor’s performance is deemed unsatisfactory in the evaluation, the transaction is halted, at least temporarily.
In 2017, a bid for one project was halted in accordance with Reykjavik Energy’s measures against the abusive changing of social security numbers.