Public Procurement Bill has been passed

Public Procurement Bill has been passed

With 16 votes for, 6 against and 8 abstentions, The Public Procurement and Disposal of Public Property (Amendment) Bill, 2020, has been passed, with amendments.

The Bill seeks to amend the Public Procurement and Disposal of Public Property Act, 2015 (hereinafter referred to as “the Act”).

According to the Parliament of T&T, “the Act introduced a new regime for public procurement and the retention and disposal of public property, in accordance with the principles of good governance; namely accountability, transparency, integrity and value for money.”

The Act also established the Office of Procurement Regulator and repealed the Central Tenders Board Act, Chap.
71:91.

 

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