Beautiful Virgin Islands

Saturday, Sep 06, 2025

New Procurement Policy As Gov't Looks To Beat Petty Contract Challenges

New Procurement Policy As Gov't Looks To Beat Petty Contract Challenges

With the petty contract system under immense scrutiny, the Government is hoping that a new strategy to undertake infrastructural projects during catastrophic events can be adapted for use soon to stimulate the construction industry amidst COVID-19 pandemic.

Premier and Minister of Finance, Hon. Andrew Fahie disclosed that Government has been working over the past few weeks to develop a procurement regime that would allow greater participation by local contractors and service providers, while at the same time adhering to the principles of international best practice and assuring quality, value for money, transparency and accountability.

"We need our infrastructural work done, our local businesses need economic activity, and our people need jobs," the Premier stated in an address to the Territory last evening, August 9.

The Premier shared that one important feature of the new emergency procurement policy is that it will allow for, in some cases, the subdivision of larger projects into smaller packages.

"In this way, more local construction companies – including our smaller contractors – would be able to share in the opportunities that are created by your Government to stimulate our economy through construction, among other areas," the Premier stated.

The East End-Long Look Sewerage Project is one project that Government is looking at for subdivision and spreading the benefits.

"It is one, but it will not be the only one. So, our contractors should begin preparing themselves and their workers immediately. Get yourselves ready, especially with all your needed paperwork, because once all the legal steps are finished with this new policy, we want to hit the ground running, and with momentum," the Premier stated.

Petty Contract System Challenges


He shared that professionals will testify to some of the challenges local contractors face, which lock them out from being even considered for projects that they are capable of delivering.

According to the Premier, even the petty contract system has been fraught with challenges. He added that the situation is made even worse because of the precautionary measures that became necessary due to COVID-19.

However, he shared that the Ministry of Finance, and together with partner agencies, a procurement policy was developed and recently approved by Cabinet for times of emergencies, such as natural disasters, catastrophic events and pandemics, that will overcome these obstacles and allow Government to engage local contractors, while having a rigorous system of checks and balances operating throughout.

"We have completed the policy framework and we have been discussing it with funding partners such as international lending agencies. This is because we would need their approval to change conditions attached to those funds so that it would allow more qualified local contractors to benefit from these opportunities. By doing this we would be allowing the monies to stay in the Territory and circulate numerous times to positively contribute to the national flow of income," the Premier stated.

He stated that the feedback has been positive and that Government is feverishly working with the Attorney General’s Office to get the legislative changes, that may be necessary, submitted. After which, approval by both the Cabinet and the House of Assembly will be sought.

"This process will open many doors of opportunities for all our contractors in the BVI amidst COVID-19 era. This is a Government working for its people. This is a Government that cares. This course of action fits directly into what I meant when I said in the 2020 Budget Address that we must use what is in our hand to bring more prosperity to our land," the Premier stated.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
US Justice Department Launches Criminal Mortgage-Fraud Probe into Federal Reserve Governor Lisa Cook
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
US and Taiwanese Defence Officials Held Secret Talks in Alaska
Report: Secret SEAL Team 6 Mission in North Korea Ordered by Trump in 2019 Ended in Failure
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Florida Murder Case: The Adelson Family, the Killing of Dan Markel, and the Trial of Donna Adelson
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Brand-New $1 Million Yacht Sinks Just Fifteen Minutes After Maiden Launch in Turkey
Here’s What the FBI Seized in John Bolton Raid — and the Legal Risks He Faces
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Queen Camilla’s Teenage Courage: Fended Off Attempted Assault on London Train, New Biography Reveals
Scottish Brothers Set Record in Historic Pacific Row
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Court of Appeal Allows Asylum Seekers to Remain at Essex Hotel Amid Local Tax Boycott Threats
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
×