Government Procurement is the acquisition of goods and services by Ministries, Departments, Organs of State and Statutory Boards.
The Ministry of Finance (MOF) is responsible for the Government Procurement (GP) policy framework, which governs how Government agencies conduct their procurement within the GP framework.
As Singapore is a party to the World Trade Organisation’s Agreement on Government Procurement and several Free Trade Agreements, our GP framework is required to be aligned with international standards and obligations. It is based on the principles of fairness, transparency and value-for-money (VFM).
We maintain an open and transparent procurement system. The government's procurement requirements, procedures and evaluation criteria for quotations and tenders are published openly on the Government Electronic Business (GeBIZ) portal.
(b) Open and Fair Competition
An open and competitive environment encourages suppliers to give their best offers. Suppliers are given equitable opportunities and access to compete on a level playing field.
We do not discriminate in favour of or against any supplier. We treat suppliers fairly and all suppliers are given the same information for them to prepare their bids.
(c) 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 on the basis of total cost of ownership. As such, 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) carries out regular audits on government agencies’ compliance with MOF’s policies and rules. These audits cover the proper accounting of public moneys and use of public resources, so as to enhance public accountability.