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SMALL and medium-sized enterprises (SMEs) in Singapore have been successful in securing public projects, with 79 per cent of the contracts awarded by all ministries having gone to SMEs rather than MNCs, a study by analytics firm VSC showed.
The study also found a high correlation between a company's financial strength and the level of success in winning public tenders.
In collaboration with the National University of Singapore (NUS) Business School, VSC had evaluated data from 11 ministries, 16 industries, and 50 companies since 2012.