Business Times

Government introduces new procurement procedure for state institutions

By Bandula Sirimanna

The Government has introduced a new procurement procedure for state institutions without publishing advertisements in newspapers calling for bids from suppliers of goods and services under the shopping system, officials said. They said that the new systm will help the state institutions to save the cost for newspaper advertisements and save time for the evaluation of bids.

The Finance Ministry has issued a circular no 448 amending the registration of suppliers & service providers on commonly used goods and services for state institutions with effect from next year. With a view to maintain a central database of suppliers & service providers on commonly used goods and services, the Ministry of Finance and Planning called for applications from suppliers and service providers earlier. The aim was to allow state institutions to find suppliers from this data base. However this procedure has now been halted, a senior official of the Finance Ministry said.

The Ministry has recommended that all state institutions including Ministries, Provincial Councils, Government Departments, state corporations, statutory boards, Local Authorities, state owned companies and all the other Government Institutions should use the National Business Directory (SLT Rainbow Pages) as a source for government organizations to obtain information on goods and services for all their procurement needs with effect from 2011. He said that this will help state institutions in finding suppliers for their establishments, without calling for bids by publishing advertisements in newspapers which is costly and time consuming.

Heads of state institutions have been directed to call quotations from reputed suppliers listed in rainbow pages and select suitable suppliers following financial regulations and procurement guidelines. The ministry has suggested using Rainbow pages as an alternative method in finding suppliers for goods and services rather than publishing advertisements calling for bids. The normal tender procedure could be followed after calling quotations from suppliers listed in Rainbow pages, he said.

The Finance Ministry directed all state institutions to identify the criteria in selecting suppliers from Rainbow Pages in accordance with the needs of the institution in a transparent manner ensuring competitiveness. These institutions should purchase goods and services following the instructions given in the government procurement guideline Code of 2006.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
New law to replace BOI Act
Value is key for SL over others: Taj Hotels MD
CB to relax exchange control rules
Top securities regulator visits Colombo
Budget: Growth with equality-urges Colombo business leader
Sri Lanka to consider reptile exports to Germany
Comment -Budget: Onus on taxes
Feature - Friday Forum outlines the path to national unity and reconciliation
Tourism strategies at provincial level
CPM annual conference slated for October 11
Gotabaya outlines war-winning strategy now applicable for economic war
250,000 computers dumped in Sri Lanka every year
India setting up 1,500 universities, China creates one every week
Design for economic growth
Leo Burnett’s Ranil wins a Global Medal of Merit from IAA
Lankaputhra Bank’s non-performing loans increase
Saberion offers alternative to commission based bookings
Janashakthi introduces Sri Lanka’s first 24-hour vehicle breakdown policy
Phoenix Jt. MD at O&M New York
Add 1% for North / East development in 2011 budget: Business leader
US Business Leaders meet President in NY
Central Bank $1 bln bond offer exceeds $6 bln in 14 hours
SLT's IPTV investment and ADSL services
Sri Lanka to use nuclear energy for commercial purposes
Agni Capital leads in driving foreign investments to SL
Fitch revises SLT outlook
Dedicated IPR UNIT of CID soon
Central Bank directs The Finance Company to seek new investors
Government introduces new procurement procedure for state institutions
Plenty Foods wins silver award at Farmer awards event
Ceylinco Life to present Rs 8.4 mln in new scholarships at 10th Pranama event
Sri Lanka's first 3D mobile game 'Colombo Ride 3D' opens in Oct.
Costs from interest free credit cards offers come from merchant’s commissions
Shortage of shares in Colombo market prompts SEC action
Microsoft EDI system for Brandix and Marks & Spencer
Eagle Logistics turns five
Dilmah founder felicitated as 2010 Brand Icon
Mandatory deposit insurance, drop in performing loan loss provisions by CB
Multi Finance to list on the Colombo Stock Exchange
Stepping up on Corporate Governance practices key to investment
SEC in a move to bring commodity exchange, exchange traded funds, unit trusts in 2010
CSE boom hasn’t reached remote areas; banks still rule
SEC prepares takeovers-mergers law
SEC wants to harmonise regulation with the region
SEC, CB rules bring in new business for banks
Hayleys and employees donate IT Centres to Northern schools
SMB Leasing to raise Rs 581 million from rights issue
NDB Bank launches an island-wide Savings Drive

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution