Nov 03, 2016 (LBO) – Sri Lanka’s cabinet has given the nod to streamline the process and transparency on all state tenders by establishing an independent centralised procurement institution, a statement said.
“The new Independent Centralized Procurement Agency is to comprise five members including the following holders of office, representing women and major ethnic groups and who are knowledgeable on stores management,” a statement on the recently approved cabinet decisions said.
“Time management and minimising waste in the procurement process, calling for bids and evaluating efficiently and transparently are the main aims of the new agency.”
An officer from the Presidential Secretariat, former Treasury Secretary or a previous Ministry Secretary would be appointed to head the agency as chairman.
The Cabinet paper was presented by President Maithripala Sirisena.