New Rules for Public Procurement benefit SME's

New rules in public procurement designed to facilitate SME participation in public procurement were introduced by the Department of Finance in August 2010.

Background

The government recognises that the small and medium(SME) sector is very important to the economy and that public procurement can be an important source of business for SMEs.

In the present economic climate, the competition forpublic contracts has intensified and some SMEs are finding it more difficult to win such business. The government has stated that SMEs are not to be hindered in competing for contracts that they could perform effectively.

The changes

 

The changes above will lead to more opportunities forSME’s to win public contracts.

For further information please contact Brian Dignam,Partner OSK

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