Committee of Supply 2023 debate, Day 1: Chee Hong Tat on greener procurement and e-invoicing
The Government aims to include environmental sustainability requirements and evaluation criteria in all its procurement within the next five years. From financial year 2024, for tenders of construction projects and ICT projects with minimum estimated procurement value of S$50 million and S$10 million respectively, it will set aside up to five per cent of evaluation points for sustainability-related considerations. Meanwhile, the nationwide e-invoicing method InvoiceNow will be implemented as the default e-invoice submission channel for all Government vendors within the next few years. This will help businesses improve efficiency and reduce costs and errors. The standardised digital format is also accepted internationally, which will help businesses access overseas markets more easily. These measures were announced by Senior Minister of State for Finance Chee Hong Tat in Parliament on Friday (Feb 24).
The Government aims to include environmental sustainability requirements and evaluation criteria in all its procurement within the next five years. From financial year 2024, for tenders of construction projects and ICT projects with minimum estimated procurement value of S$50 million and S$10 million respectively, it will set aside up to five per cent of evaluation points for sustainability-related considerations. Meanwhile, the nationwide e-invoicing method InvoiceNow will be implemented as the default e-invoice submission channel for all Government vendors within the next few years. This will help businesses improve efficiency and reduce costs and errors. The standardised digital format is also accepted internationally, which will help businesses access overseas markets more easily. These measures were announced by Senior Minister of State for Finance Chee Hong Tat in Parliament on Friday (Feb 24).
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