The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that on April 5, 2024, he signed into law, with the agreement of the Office of Procurement Regulation (“OPR”), the Public Procurement and Disposal of Public Property (Simplified Procurement) Regulations, 2024, that is applicable to the procurement of all goods, services and works valued up to ONE MILLION DOLLARS ($1Mn) or less (inclusive of taxes, duties and other charges).

The Simplified Procurement Regulations were published as Legal Notice No. 65 of 2024 and have undergone months of formulation and dialogue between the Ministry of Finance and the OPR.