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Procurement law gazetted

Cayman’s first public procurement specific law aimed at protecting the public purse from corruption takes effect.
The procurement law, assented to by the Governor last week, was gazetted Friday.
It outlines the process and procedures to ensure value for money is obtained from all goods and services procured by public entities.
The law removes the Central Tenders Committee and replaces it with a new entity called the Central Procurement Office. That entity will provide external oversight of awarding contracts.
It also introduces reverse electronic bidding and enshrines local contractors as part of the process while mandating public procurement training for personnel and reporting of contract awards.

About the author

Reshma Ragoonath

Reshma Ragoonath

Reshma Ragoonath is a Trinidadian journalist with 16 years media experience with a strong background in print with her most recent stint at The Cayman Reporter. She has a BA in Mass Communications, as well as, an Associate degree in Journalism and Public Relations.

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