Govt raises procurement quotation limit to S$90,000

Singapore

THE upper limit for quotations in government procurement will be raised to S$90,000 this year, from S$70,000, giving small firms greater access, Second Minister for Finance Indranee Rajah said in the Ministry of Finance's Committee of Supply debate.

With the change, "smaller companies and startups without GSR (Government Supplier Registration) can capture higher-value government projects through quotations, which come with simpler contractual terms and conditions, and tend to be processed more quickly", she said. Before, projects over S$70,000 would have to go to a tender.