Local SMEs as a Percentage of Tender Applicants and Awardees in Government Procurement Opportunities on GeBiz
04 Mar 2024Parliamentary Question by Mr Leong Mun Wai:
To ask the Deputy Prime Minister and Minister for Finance (a) in 2023, what percentage of tender applicants and awardees respectively for Government procurement opportunities on Government Electronic Business are local small and medium-sized enterprises (SMEs); and (b) whether there has been an increase in the number of SME tender applicants since the Government introduced the Tender Lite procurement category in 2023.
Parliamentary Reply by Deputy Prime Minister, and Minister for Finance, Mr Lawrence Wong:
In CY2023, the proportion of bidders for Government tenders and the proportion of awarded suppliers which are locally-based small and medium-sized enterprises are both at about 80%.
Tender Lite will commence from April 2024.