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New policy on govt contracts tabled

Local firms promised bigger slice of cake

An overhaul of the way government buys-in goods and services is on the horizon.

The Council of Ministers has published a new procurement policy - which will be put to the vote in Tynwald this month.

It outlines a process the authors claim will be fairer, more competitive, and more transparent.

Among key proposals, it's suggested all contract opportunities worth £10,000 or more should be openly advertised, and the results of all tender exercises published.

Treasury Minister Alf Cannan, who will move the policy at July's sitting of Tynwald, says the aim is to make it simpler and more straightforward for all businesses to sell to government.

It's suggested more Island firms will stand a chance of winning contracts, with 95% of purchasing budgets up for grabs through open competition.

Only contracts worth £100,000 or more will go through a mandatory formal tender process.

The policy promises to take the social value and economic benefits of placing contracts with local firms, into account.

Reasons for any non-competitive action, and all tender results will be published on the Attorney General's Chambers website.

Ministers want to replace the current paper-based process with a new online tender system, reducing the administrative burden for Island traders.