Rules and responsibilities pertaining to government procurement can be complex and unclear. Incidents of fraud, personal benefit and conflict of interest leads to loss of public confidence. This policy has been written as a guidance document for those involved in the procurement process to provide a greater understanding and respect of procurement rules and best practices.
The Cayman Islands Government (CIG) spends over $100 million dollars a year on the procurement of goods and services.The Central Procurement Office (CPO) is responsible for promoting sound procurement management practices which will result in reducing risk in government expenditures.
This policy is to be read in conjunction with The Procurement Law, 2016, The Procurement Regulations The Public Service Management Law (2013 revision), and the Public Management and Finance Law (2017 revision)
Other key directives, policies and legislations are listed in 9. REFERENCES of this policy.