SMEs won 80% of government tenders above $70,000 but there's scope for more: Koh Poh Koon

Minister of State for Trade and Industry Koh Poh Koon at the annual Singapore Business Federation's conference.
Minister of State for Trade and Industry Koh Poh Koon at the annual Singapore Business Federation's conference.PHOTO: SINGAPORE BUSINESS FEDERATION

SINGAPORE - Small and medium-sized enterprises (SMEs) won 80 per cent of all government tenders valued above S$70,000 in 2014, Dr Koh Poh Koon, Minister of State for Trade and Industry said on Thursday (Jan 28).

Dr Koh was speaking at the first-ever Government Procurement Fair, where he encouraged SMEs to find out more about the procurement process, and bid for government contracts.

"The Singapore Government procures over $10 billion in goods and services each year, making government procurement another important source of opportunities for our SMEs. SMEs already have good access to government procurement opportunities... However, there is scope for SMEs to do more," Dr Koh said.

Some 500 SME bosses and management executives came together to share their experiences in working on public projects at the day-long fair at the Grand Copthorne Waterfront Hotel, which is a highlight of this year's SME Convention.

The fair is organised by the Singapore Business Federation, with the support of various government agencies including JTC Corporation, the Infocomm Development Authority of Singapore and the Agency for Science, Technology and Research (A*STAR).