Andrei Bennett, Chief Public Procurement Coverage Officer on the Ministry of Finance. Photograph: UWI,Mona
Kingston, Jamaica – Micro, small, and medium-sized enterprises (MSMEs) are being urged to grab their share of the multibillion-dollar authorities procurement market.
Andrei Bennett, chief public procurement coverage officer on the Ministry of Finance, who was talking on the Jamaica Enterprise Improvement Company’s (JBDC) Digital Biz Zone Webinar on Tuesday, mentioned “the federal government spends near US$5 billion yearly on procurement, and we wish MSMEs to take their a part of the pie.”
With the federal government spending roughly 30 per cent of Gross Home Product (GDP) yearly on items, works, and companies, the general public procurement fee (PPC) is asking on MSMEs to register and compete for these profitable contracts. Public procurement refers back to the course of by which governments and public sector organisations purchase items, companies, and works utilizing public funds.
Bennett added that “incomes a authorities contract is inside your attain.”
The webinar, held beneath the theme “Get SET for Doing Enterprise with the Authorities,” sought to supply MSMEs with actionable steps to submit aggressive bids for presidency contracts.
“Look within the Tuesday Observer, the Saturday Gleaner, or on the GOJEP platform. Most public procurement notices are positioned on the Authorities of Jamaica’s Digital Procurement (GoJEP) web site,” he acknowledged.
Authorities contracts supply MSMEs a dependable supply of earnings, alternatives for progress, and an opportunity to construct credibility. With billions spent yearly on procurement, small companies have a major alternative to broaden their operations and entry bigger markets.
Bennett defined that solicitation paperwork, also called contract paperwork, can be found on the GOJEP system for every alternative. “These paperwork include 5 primary components,” he mentioned, together with “common and particular directions, the subject material of the acquisition, analysis standards, a draft contract, and required varieties.”
He burdened the significance of rigorously reviewing these paperwork to make sure compliance with eligibility and qualification standards, equivalent to tax compliance and PPC registration. “Authorities says, okay, we don’t award contracts to anybody that doesn’t pay taxes. And I believe that’s wise,” Bennett famous.
Submitting aggressive provides requires companies to organize a bid that meets all necessities and demonstrates worth for cash.
Bennett urged MSMEs to “supply the very best worth” whereas making certain that their bids are full and submitted on time. “You’re not going to make them a proposal that they will’t refuse,” he mentioned.
“To begin with, it is advisable to supply the very best worth. We’re not within the enterprise of robbing you. The federal government understands that the financial system works if you calculate the chance of supplying a specific factor. You make a revenue, and we love if you get wealthy,” he added.
MSMEs can register on the GOJEP platform at www.GOJEP.gov.jm.
The registration course of includes submitting required paperwork equivalent to tax compliance certificates, firm standing letters, and résumés of administrators.
