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$3.2 Billion Worth Of Government Contracts For FY 07

27 April 2007

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The business community can expect an estimated $3.2 billion worth of Government procurement contracts in Fiscal Year 2007.

Of the $3.2 billion, IT contracts account for $730m. The Infocomm Development Authority (IDA) of Singapore had briefed the industries at the IT Industry Briefing conducted on 26 April 2007.

Construction contracts for the public sector account for $1.8 billion. Purchase of goods and services amounts to $635m. The larger purchases include disposal of sludge for water recycling plants ($70m by PUB), 2 tenders for street cleaning ($70m by NEA) and setting up of a port operations control centre ($18m by MPA).

More information on these government tenders can be found on the Government's e-Business (GeBIZ) website at http://www.gebiz.gov.sg.

The plan for public sector procurement was introduced in 2003 by the Ministry of Finance to inform suppliers about opportunities in Government procurement.

MINISTRY OF FINANCE

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