Companies trying to break into foreign markets often employ a number of tactics to build traction.
One such tactic is the practise formally known as dumping.
Government agencies must get their house in order when it comes to Information Technology in order to handle the setting up of procurement procedures under the Public Procurement and Disposal of Property Act 2015 when this legistation comes into effect.
This was announced by Charles Fingal, lecturer of the SBCS, when he addressed a meeting of the Chartered Institute of Procurement and Supply (CIPS) recently held at the AMCO Training Venue, Chaguanas.
Fingal said the act places IT at the heart of the procurement process yet some government agencies are still trapped in the last century using typewriters and paper forms, while others have not updated their websites and contain photos of previous ministers.
Fingal also wants to know if government agencie were doing training for public officers to handle the implications of the act.
The act is intended to replace the Central Tenders Board Act.
Fingal said the office of the Regulator under the act would face some challenges.
He said "Government procurement in this country is huge in terms of the amount of ministries, corporate bodies, local government,the judiciary, I don’t know how big the office of the regulator is going to be.”
He said the office of the Regulator has power of enforcement and no complaint has to be made for an investigation to take place.
Fingal said the regulator can summon anyone for an investigation and there are penalties of around $500,000 and jail time that can be enforced if malfeasance is found to have taken place.
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