What is government procurement?
Government procurement is the acquisition of goods and services via contract by Ministries, Departments, Organs of State and Statutory Boards.
What is the Government Procurement Policy Framework?
The Ministry of Finance is responsible for the Government Procurement (GP) policies, which govern how government agencies conduct their procurement.
As Singapore is a party to the World Trade Organisation’s Agreement on Government Procurement and several Free Trade Agreements, our GP framework is aligned with international standards and commitments.
Singapore’s Government Procurement Policy Framework is based on the following principles:
Transparency
The Government's procurement requirements, procedures and evaluation criteria for quotations and tenders are published openly on the Government Electronic Business (GeBIZ) portal. This allows suppliers to better understand the agency’s requirements and how their bids will be evaluated.
Open and Fair Competition
Suppliers are given equitable opportunities and access to compete on a level playing field. We treat all suppliers fairly and give them the same information for them to prepare their bids. We do not discriminate in favour of or against any supplier.
Value for Money
The Singapore Government procures from sources that can best meet its requirements and which offer the best value. Value for money is derived from the optimal balance of benefits and costs, which take into account factors such as, but not limited to, suitability, quality, reliability, risk, timeliness, total cost of ownership, where appropriate. As such, the concept of value for money does not necessarily mean that a tender or quotation must be awarded to the lowest bidder.
The Auditor-General’s Office (AGO) regularly audits government agencies for compliance with official policies and rules. These audits cover the proper accounting of public moneys and use of public resources so as to enhance public accountability.
Refer to Understanding the Procurement Process for more information.
For more resources and useful links related to Government Procurement, go to Government Procurement Resources.