The Government of Guyana is seeking to hasten the process that will bring into effect a key provision in the Small Business Act of 2004 to enable 20% of state procurement contracts to go to small businesses.
Earlier this week, Chief Executive Officer of the Small Business Bureau (SBB) Dr. Lowell Porter told Stabroek Business that the Bureau has been handed responsibility for supporting the development and implementation of the policy. In this regard, Dr. Porter told this newspaper that the SBB is currently “collaborating with the National Procurement and Tender Administration Board (NPTAB) to make this happen.”
According to Dr. Porter the SBB and NPTAB have exchanged databases in an effort to identify and subsequently approve those small business that are interested in providing services to the Government of Guyana. He said that coming out of the deliberations between the two entities a compulsory registration form has been developed.