Small and Medium Business Product Priority Purchase: Who Qualifies and What You Get
A guide for procurement officers on using the SME supplier database to meet mandatory purchase quotas and avoid performance penalties.
This scheme provides a verified database of small and medium enterprise (SME) suppliers to help procurement officers meet their legal buying requirements.
Who it's for
This is designed for public procurement officers who are responsible for meeting mandatory purchase quotas for small and medium enterprises.
What you get
You gain access to a verified database of SME suppliers. This tool helps you identify and source products from small and medium businesses to ensure you are meeting your legal procurement obligations.
What it costs you
There is no direct monetary fee mentioned, but you are required to submit reports every quarter regarding your SME purchase ratios.
The catch to know
You must meet a mandatory 50% SME purchase quota. If you fail to reach this specific threshold, you may face performance penalties.
How to apply
- Visit the official portal to access the supplier database.
- Search for verified SME suppliers that meet your procurement needs.
- Ensure your purchases align with the required quotas.
- Submit your quarterly reports on SME purchase ratios as required.