The Government is made up of numerous organisations – ministries, statutory boards and other linked agencies – and buys some S$10 billion in goods and services every year.
Being a small company does not mean you are unable to bid for Government contracts. The Government procurement process has been streamlined so that smaller suppliers have equal opportunity in winning a contract.
As a small and medium enterprise, you are now able to enjoy a more flexible system:
- No need for track record to pre-register for potential tenders.
- Relaxed rules on the amount of security deposit required.
- SMEs can form consortiums to bid for projects.