Aligning Estimated Procurement Value Amounts for Tenders Called by Town Councils and Government Entities

Mr Gerald Giam Yean Song asked the Minister for National Development (a) whether there will be an increase in the value of $70,000 under the Town Councils Financial Rules above which tendering procedures will be adopted; (b) if so, whether the value will correspond with the current estimated procurement value of $90,000 under GeBiz; and (c) if not, why not.

The Ministry of National Development is currently reviewing the Town Councils Financial Rules to ensure that they remain relevant to the Town Councils' evolving operating context.

The threshold of procurement value which triggers the need for a tender to be called by Town Councils is one of the items under review. The details will be shared with all Town Councils when ready.