E-procurement platform will streamline government procurement, making the public procurement process more effective efficient and transparent, he said.
E-procurement involves the use of electronic systems to handle any or all steps of the procurement process, from online publication of tender notices, supplier registration and e-submission of bids. It results in cost savings both for Government entities and suppliers.
E-procurement increases fairness in the procurement marketplace. By making bids and procurement information widely accessible, more suppliers are able to participate in public procurement, the minister said.
The Fourth South Asia Region Public Procurement Conference commenced under the patronage of President Maithripala Sirisena in Colombo yesterday (20). The Conference will continue until February 23 in Colombo and Kandy.
The Conference is an annual learning, knowledge and experience sharing, and networking event for the Heads of Public Procurement Agency or Authority of the eight member countries of the South Asian Association for Regional Cooperation (SAARC).
Understanding the importance of moving towards an e-procurement system the Government has decided to hold the Fourth Conference in Sri Lanka
It is being hosted by the Department of Public Finance, Ministry of Finance, and is co-sponsored by the World Bank, Asian Development Bank, and Islamic Development Bank.