Singapore Government Launch Procuring through Open Market tender tender thru its web portal Gebiz

Singapore has opened its fair and open tendering system to foreign company for bidding local project. The entry requirement to participate for bidding of local project, foreign entrepreneurs or company must be registered in Singapore .
By: Rikvin
 
 
Sept. 7, 2008 - PRLog -- Singapore Government Procuring through Open Market for products and services thru its web portal “Gebiz”

Singapore has opened its fair and open tendering system to foreign company for bidding local project. The entry requirement to participate for bidding of local project, foreign entrepreneurs or company must be registered in Singapore and have enough financial backing to cover the value of goods and services for the tender.

Companies who are interested in participating to Supply the Singapore Government thru its portal, Rikvin can help the process of Incorporation and registration of the portal to meet the local requirement.

For more information on the web portal, please visit http://www.gebiz.gov.sg , for registration of a Singapore company, please visit http://www.rikvin.com

Government Procurement Policies & Procedures

The Singapore Government adopts the fundamental principles of fairness, openness and competitiveness for its government procurement policies. Tenders are awarded to the bid that brings the best value for money for the public sector, taking a holistic approach.

Singapore is party to the 1994 Agreement on Government Procurement (GPA) under the World Trade Organization.

Depending on the estimated value of the GP, the procurement procedure adopted could be by way of a Small Value Purchase, by way of inviting Quotations, or by Tender.

Small Value Purchase

A Small Value Purchase, for items of goods or services up to $3,000, may be carried out directly by the authority by buying off-the-shelf or purchasing directly from known sources.

Use of Quotations

For items of goods or services valued above $3,000 and up to $70,000, Quotations will be invited. In this process, at least two officials are responsible for the purchase: one to invite, receive and evaluate offers and make recommendation; the other to approve the recommendation.

Use of Tenders

Tenders are invited by using the Open, Selective or Limited Tendering procedures.

Open Tender

All GPs of above $70,000 must adopt tendering procedures. Under an Open Tender, all suppliers may participate by responding to Tender Notices. An Open or Selective Tender will be called unless the circumstances allow for a Limited Tender to be called.

Selective Tenders

For a Selective Tender to be used, a qualification of interested suppliers, based on their capabilities, is carried out first so as to exclude suppliers who do not meet the minimum requirements. Suppliers qualified in this process are then invited to submit tenders.
                                                                                                                                                     
Limited Tenders

In a Limited Tendering procedure, tenders are invited from only a few suppliers, or from one pre-identified supplier. The use of a Limited Tender has to be approved by the Permanent Secretary (for Ministries) or the CEO (for a statutory board). Some instances where a Limited Tender may be used are when no responsive tender is received from an earlier Open or Selective Tender, when it concerns national security, or when it is not feasible/practical to call for open tenders e.g. because of intellectual property rights or for works of art.

Government Procurement Guide   
   
The Ministry of Finance and SPRING Singapore have jointly developed a 'Government Procurement Guide'.  

http://www.spring.gov.sg/Resources/HM_Resources/SMEGuides...    

The guide helps suppliers and SMEs to better understand government procurement procedures so that they can participate more effectively in government business opportunities.

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Singapore Company Registration can help foreign companies to participate in Singapore Goverment local tendering system. For more information, please visit http://www.rikvin.com
End
Email:Contact Author
Phone:65-64388887
Zip:049705
Tags:Singapore Goverment Tendering System, Gebiz, Singapore Company Incorporation
Industry:Accounting, Business
Location:Singapore - Singapore
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Page Updated Last on: Sep 07, 2008
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