E-procurement system could save Gov’t 30% on spending

The Government could save up to 30 per cent of its spending on items outside of debt and wages when it implements an electronic system aimed at improving efficiency in the public procurement process, that will be funded in part by the Inter-American Development Bank (IDB)

Last Wednesday, the IDB approved a US$900,000 grant to the government to support the development of the e-procurement system in Jamaica, which will provide a single portal to government procuring and tendering agencies and suppliers and will automate activities performed by these parties by integrating them on a single network.

For its part, the government has to put up an additional US$272,000 and execute the project over a 30-month period. More