The Pros and Cons of Using E-Tendering in Singapore Construction Industry
THE PROS AND CONS OF USING E-TENDERING IN SINGAPORE CONSTRUCTION INDUSTRY
First names YAP Last name YEE THARM
Abstract: E-tendering is a relatively new and modern technique of tending system. The transaction can be done from business-to-business, business-to-consumer or Business-to-government buy and sale of goods, works and services through the Internet or other networking systems. This paper examines the pros and cons of using E-tendering in the Singapore Construction Industry and the future trend of E-tendering in Singapore. Although E- tendering has been used by the various Singapore Government departments for many years on their procurement of materials and services for local and global with great success, however the private sector in Singapore is still slow in using it as a tendering system. As e-tendering is recognized as a state-of-the-art for procurement which is proven to be efficient by the local Government and other advanced countries (eg. US, UK, China, Hong Kong, Canada etc.), however the low usage by the private section in Singapore shows that there must be some limitation or disadvantages in using it. May be there are some problems on software and the user not competent to use it for this purpose. Or maybe in Singapore there is a need for the government or a private company to lead and provide a national wide scale of centralizes e-tendering system to cater for all the private tenders in Singapore Construction Industry. Whatever it is, the advantages of E-tendering are far exceeding the disadvantages and it has shown greater potential in the improvement of efficiency to replace the traditional tendering system. Therefore a study to look into the pros and cons of this tendering system is worth the effect. As eventually E-tendering has great potential in increasing efficiency in construction sector in Singapore-tendering by cutting down the-tendering cost and time and reduce the bureaucratic processes in the traditional tendering process.
First names YAP Last name YEE THARM
Abstract: E-tendering is a relatively new and modern technique of tending system. The transaction can be done from business-to-business, business-to-consumer or Business-to-government buy and sale of goods, works and services through the Internet or other networking systems. This paper examines the pros and cons of using E-tendering in the Singapore Construction Industry and the future trend of E-tendering in Singapore. Although E- tendering has been used by the various Singapore Government departments for many years on their procurement of materials and services for local and global with great success, however the private sector in Singapore is still slow in using it as a tendering system. As e-tendering is recognized as a state-of-the-art for procurement which is proven to be efficient by the local Government and other advanced countries (eg. US, UK, China, Hong Kong, Canada etc.), however the low usage by the private section in Singapore shows that there must be some limitation or disadvantages in using it. May be there are some problems on software and the user not competent to use it for this purpose. Or maybe in Singapore there is a need for the government or a private company to lead and provide a national wide scale of centralizes e-tendering system to cater for all the private tenders in Singapore Construction Industry. Whatever it is, the advantages of E-tendering are far exceeding the disadvantages and it has shown greater potential in the improvement of efficiency to replace the traditional tendering system. Therefore a study to look into the pros and cons of this tendering system is worth the effect. As eventually E-tendering has great potential in increasing efficiency in construction sector in Singapore-tendering by cutting down the-tendering cost and time and reduce the bureaucratic processes in the traditional tendering process.
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