KUALA LUMPUR: The Government Procurement bill, which aims to enhance accountability and transparency in public procurement and criminalise related breaches, has been tabled for first reading in the Dewan Rakyat.
The Bill was tabled by Deputy Finance Minister Lim Hui Ying on Monday (Aug 25), and the second reading is also scheduled for the current meeting.
The Bill provides for the establishment of a Government Procurement Appeal Tribunal to uphold integrity and fairness while maximising the benefits from the use of public resources.
It was drafted based on the principles of advocating a culture of accountability as a fundamental value in the governance, participation and administration of government procurement.
It will also be supported by an independent mechanism of checks and balances.
The new legislation also aims to ensure maximum implementation of open and competitive procurement methods while ensuring access to fair and equitable government procurement.
More to come
