Revamping the public tender process
Dafizeck Daud | 08 Feb 2019 00:30
Tenders are a big business. Those from the government and its agencies are a huge source of revenue forvthe private sector. Each year the federal and state governments, local authorities and statutory bodies purchase goods and services through public tenders that are worth about RM150 bil (equivalent to almost one-fourth of the nominal gross domestic product).
But the tender process is not entirely free of corrupt practices as many weaknesses have yet to be addressed.
The Finance Ministry (MoF) under the previous administration came under fire recently after the Centre to Combat Corruption and Cronyism (C4) revealed that it had abused the procurement policy and system that led to the failure of enforcement by government agencies and a lack of disciplinary action for non-compliance.
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