The Pros and Cons of Using E-Tendering in Singapore Construction Industry

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THE PROS AND CONS OF USING E-TENDERING IN SINGAPORE CONSTRUCTION INDUSTRY First names YAP Last name YEE THARM Abstract: E-tendering is a relatively new and modern technique of tending system. The transaction can be done from business-to-business, business-to-consumer or Business-to-government buy and sale of goods, works and services through the Internet or other networking systems. This paper examines the pros and cons of using E-tendering in the Singapore Construction Industry and the future trend of E-tendering in Singapore. Although E- tendering has been used by the various Singapore Government departments for many years on their procurement of materials and services for local and global with great success, however the private…show more content…
2.0 E-Tendering in the Singapore Construction Industry • E- Tendering in Singapore Private construction: The government department of Singapore has been using E-tendering for more than 10 years, the Singapore Economy Development has also been giving incentive to encourage developers and contractors who are keen in using IT for their business. However up to today the private construction sector in Singapore is still limited in usage of E-tendering. Many Developers and Contractors in Singapore are still finding it more comfortable to use traditional tendering system. • E- Tendering in Singapore Government: The e-tendering used by the government of Singapore is called GeBiz, which come from the word Government Bidding. The GeBIZ, or the Government E tendering, was set up in June 2000. The main objective of this system is to simplify government procurement and tender activities. It was part of the programme for businesses under the e-Government Action Plan (2000–2003) in Singapore. GeBIZ is a one-stop centre for suppliers to have access to all procurement opportunities in the public sector and to trade electronically with the government departments. The Singapore government E-tender website address is at http://www.gebiz.gov.sg/. Now 100% of the Singapore government Tenders or Quotations are using GeBIZ as a platform for procurement for good and services. As of today, Infocomm Technology (ICT) has become a major part of

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