Singapore's government procurement, guided by the "GeBIZ" portal and WTO-GPA commitments, prioritizes value for money and open competition. Tenders exceeding SGD100,000 typically follow open bidding, while smaller purchases use quotations or simplified procedures. Key facts include a decentralized system with agencies managing their own needs, but adhering to central guidelines. Transparency is paramount, with all tenders published on GeBIZ. This digital platform, used by over 100,000 suppliers, simplifies access and fosters a level playing field. By emphasizing efficiency and fairness, Singapore aims for cost-effective procurement that benefits both the public and private sectors.
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