Procurement System at Critical Juncture | Trinidad and Tobago News

Public bodies spent a record $16 billion on contracts last year—but the system is still broken. A damning new report reveals rampant failures: poor reporting, lack of competition, and billions in unfulfilled contracts. Despite new laws being in place for three years, deep-rooted problems in transparency, accountability, and integration into public planning persist. Compliance with quarterly reporting hovers around 63%, and data quality is so bad it undermines oversight. Regulators warn some agencies may be gaming the system to avoid scrutiny. Moving forward, they’ll ramp up enforcement, introduce electronic procurement, and propose fines—but true reform requires public bodies to take ownership and embed compliance into their DNA. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:http://www.guardian.co.tt/news/16b-awarded-3b-in-contracts-unfulfilled-as-opr-sounds-procurement-alarm-6.2.2666354.6e19cb15f6 More coverage & latest updates:https://sources.thednn.ai/6414938d0d11b163 Report issues to [email protected].