SINGAPORE: The government is expected to call for about S$3.2 billion worth of procurement contracts in the current fiscal year ending in March 2008.
This was revealed by the Ministry of Finance on Friday.
It says the bulk of these contracts, worth S$1.8 billion, will go to the construction sector.
Among the construction projects to be called by the government, will be a contract from the Housing and Development Board to build over 1,200 flats.
This is expected to be worth more than S$65 million.
Government procurement this fiscal year also includes IT contracts worth S$730 million, which were announced by the Infocomm Development Authority on Thursday, and S$635 million in purchases of goods and services.
Procurement for this fiscal year is lower compared to the last two years.
In fiscal year 2006, about S$7.5 billion worth of contracts were called, while in 2005, the value of government contracts was S$4.7 billion.
This was revealed by the Ministry of Finance on Friday.
It says the bulk of these contracts, worth S$1.8 billion, will go to the construction sector.
Among the construction projects to be called by the government, will be a contract from the Housing and Development Board to build over 1,200 flats.
This is expected to be worth more than S$65 million.
Government procurement this fiscal year also includes IT contracts worth S$730 million, which were announced by the Infocomm Development Authority on Thursday, and S$635 million in purchases of goods and services.
Procurement for this fiscal year is lower compared to the last two years.
In fiscal year 2006, about S$7.5 billion worth of contracts were called, while in 2005, the value of government contracts was S$4.7 billion.
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