Small and medium-sized business with a well-established Bermudian employment base are being given a greater opportunity to win Bermuda Government contracts.

Members of the Chamber of Commerce heard about the code of practice for project management and procurement during a presentation from Lovitta Foggo, Minister of Cabinet Office with Responsibility for Government Reform.

It provided an opportunity for Chamber members to learn more about the new rules associated with doing business with the Government.

Ms Foggo said the code outlines how public officers will procure goods or services on behalf of the Government.

“It represents part of the continuing efforts by the Government to improve good governance measures, promote ‘best practice’ in project management and procurement; and to provide oversight of all government procurement,” she said.

“The Government aims to use its purchasing power to promote equality of opportunity with regard to disability, gender and race.

“Implementation of the code will facilitate the establishment of a more level playing field and diverse contractor base by ensuring that specified businesses have access to, and the opportunity to win government contracts. Our aim is to work with local contractors to support the local economy.”

Ms Foggo said preference in the awarding of contracts will be given to small and medium-sized businesses and businesses with a well-established Bermudian employment base.

“We believe that by giving small and medium-sized businesses a fairer chance to secure government contracts, we will stimulate innovation, achieve the best value for money and obtain better-quality goods and services.”

She said the goal is to work in close partnership with such organisations, including the Chamber, the Bermuda Economic Development Corporation, and the Construction Association of Bermuda, to educate small and mid-sized businesses and entrepreneurs on the Government’s tendering requirements.

“In doing so, smaller businesses will be aware of and have better access to potential public sector contracting opportunities.”

Ms Foggo also told Chamber members that the Government has worked “tirelessly to put safeguards in place to ensure that the integrity of the public office is upheld”.

She added: “This Government is committed to good governance and ensuring that the operations and financial affairs of all public authorities are open and transparent.

“We are also keen to ensure that we empower those Bermudian entrepreneurs who are committed to working with the Government to expand and strengthen our economy.”