Overview
Procurement Process in Guyana
The procurement process in Guyana is governed by the Procurement Act, which establishes the framework for the acquisition of goods, services, and works by public sector entities. The process aims to ensure transparency, fairness, and efficiency in the use of public funds, fostering a competitive environment for businesses.
Key Principles
1 Transparency: All procurement activities are conducted in an open manner, providing equal opportunity for all eligible suppliers and contractors.
2 Fairness: The process ensures non-discrimination and equitable treatment of all participants.
Procurement
Methods
The most common method, involving public invitations to bid.
Ensures maximum competition and transparency.
Advertisements are placed in local and international media.
Used when the number of suppliers is limited.
Invitations are sent to a pre-selected list of qualified suppliers.
Ensures quality and specialization in procurement.
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Financing renewable energy projects such as solar, wind, and hydroelectric power.
Advancing energy efficiency and sustainability initiatives.
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