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Carried out in state auctions since April
The Comptroller-Normal’s Division (CGD) believes the usage of the blockchain expertise in authorities auctions will enhance transparency and create equity for all bidders, says comptroller-general Kulaya Tantitemit.
Since April this yr, the CGD, a authorities company beneath the Finance Ministry accountable for managing and overseeing procurement processes, has carried out blockchain expertise within the authorities public sale course of.
Consequently, the bidders in addition to the federal government company that owns the bidding mission, will be unable to see the bid value till the public sale closes, Ms Kulaya mentioned.
As well as, value proposal info on the blockchain shall be encrypted as it’s being despatched to the division and later forwarded to Krungthai Financial institution, the financial institution overseeing the federal government procurement system.
Other than utilizing blockchain expertise within the authorities public sale system, the division additionally lowered the length of auctions from eight hours (8am to 4pm) to simply three hours (9am to 12pm), which is deemed to be an ample time frame for the personal sector to put bids.
The lowered length assures the bidder the worth proposal info is not going to be leaked in the course of the bidding course of, though the blockchain can’t be hacked, she mentioned.
As for the public sale prospectus, the division permits all events to obtain the related paperwork freed from cost on a good and equal foundation.
In fiscal 2022, authorities businesses procured 5.36 million initiatives with a complete worth of 1.43 trillion baht.
As much as 5.21 million initiatives had profitable bids which represented 1.20 trillion baht in complete.
The cut-off value was 1.16 trillion baht, leading to a price range saving of 36.5 billion baht, or 3.04% of the bidding price range.
The profitable bids may be categorized as having used an e-bidding technique (42%), value proposal by way of a selected technique (38.4%), choice technique (17.9%), or different strategies (1.50%).
The highest 10 authorities businesses recording the best procurement worth have been the Royal Irrigation Division, the Division of Highways, the Division of Rural Roads, the Provincial Electrical energy Authority, the Division of Public Works and City & Nation Planning, the Bangkok Metropolitan Authority, the Division of Corrections, the Royal Thai Military, the Royal Thai Police, and the Metropolitan Waterworks Authority.
For fiscal 2023, as of April authorities businesses procured 2.69 million initiatives with a complete worth of 889 billion baht.
Nonetheless, initiatives that received a bid represented a complete worth of 430 billion baht, leading to a price range saving of 26.5 billion baht, or 5.82% of the bidding price range.
Bidding by way of a selected technique accounted for 45.7% of the overall public sale worth, adopted by the e-bidding technique at 42%.
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