E-bidding saves procurement costs

MONDAY, APRIL 18, 2016
E-bidding saves procurement costs

The Comptroller-General’s Department says e-bidding for procurement saved the state budget 10.55 per cent or about Bt28.73 billion from October 1, 2015, to March 31, 2016.

In the period, a total of 28,202 projects recorded actual procurement of Bt243.54 billion, compared with the budget Bt272.27 billion.
E-markets for public projects also saved 18.35 per cent or Bt50 billion. 
“E-bidding and e-markets have been used for state procurement in order to enhance efficiency of the nation’s state spending, increase project transparency and boost private-sector competitiveness,” said Manas Jamveha, comptroller-general. 
The procurement results and contracts are also registered systematically.