Treasury revisions see heavy procurement bill terms restored
New bill aims to consolidate numerous laws and Treasury instructions dealing with procurement by organs of state into one law
26 November 2023 - 18:08
The Treasury has further revised preferential procurement provisions in the draft Public Procurement Bill, which revert to the original, more onerous requirements for bidders for government contracts.
The bill, which is being processed by parliament’s standing committee on finance, is to consolidate the many laws and Treasury instructions dealing with procurement by organs of state into one law. What finally emerges from the legislative process will be critical for companies and individuals contracting with state institutions, which together spend about R1-trillion a year on procuring goods and services...
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