More chances for ICT SMEs to snag government contracts in FY2020

GovTech estimates a 30% increase in government ICT expenditure to S$3.5b; about 80% of the potential procurement opportunities this year will be available to SMEs.

Published Mon, Jun 15, 2020 · 09:50 PM

Singapore

THE Singapore government's plan to increase spending on information and communication technology (ICT) and make more use of bulk tenders and dynamic contracting is welcome news to small and medium-sized enterprises (SMEs) in the sector, especially as the virus outbreak dampens private sector demand.

The Government Technology Agency (GovTech) announced these plans last Monday, estimating a 30 per cent increase in government ICT expenditure to S$3.5 billion in FY2020, up from FY2019's projected spend of S$2.7 billion.

About 80 per cent of the potential procurement opportunities this year will be available to SMEs; they can bid for government contracts with a value of less than or equivalent to S$5 m…