The Public Procurement Commission (PPC) is a pricey apparatus that may not be worth the financial investment, junior Finance Minister Juan Edghill said in his budget address on Wednesday.
He recalled that in 2013, just over 3,800 contracts were sent to the National Procurement and Tender Administration Board (NPTAB), with 466 of those being forwarded to cabinet for approval because the bids were over $15 million. Only on five occasions did cabinet withhold its objection, Edghill said. He added that only 24 bidders had complained and asserted that the PPC would be “a high-priced entity to deal with 24 complaints.”
The minister did not disclose why cabinet withheld its objection to the five bids nor what they were in
