The American Chamber of Commerce of Trinidad and Tobago says the appointment of a Procurement Board is a move in the right direction.
The board was appointed on Friday by President Anthony Carmona.
AMCHAM T&T issued a statement on it today.
"The American Chamber of Commerce of Trinidad & Tobago (AMCHAM T&T) would like to congratulate His Excellency the President for the appointment Procurement Board and its Chairman, the Procurement Regulator.
We also take this opportunity to extend our best wishes to all members of the Board.
We believe that this is a step in the right direction as public procurement regulation is necessary in creating a more competitive process in public sector purchasing, and achieving the best value for tax payer’s money.
This, we believe, is even more critical as the Government continues to deal with challenging economic condition.
As a nation we need to remain be diligent in working towards achieving accountability and transparency in public office.
AMCHAM T&T knows that this is an important part in the operationalisation of the Public Procurement and Disposal of Public Property Act.
AMCHAM T&T has been an avid champion through its participation in the Private Sector Civil Society Group (PSCSG), which has advocated tirelessly for better processes and accountability in public procurement.
We urge the Government, now that the Board has been appointed, to ensure that the office is appropriately resourced so that it may effectively execute its critical mandate."