Government holds tenderpreneurs at gun-point...and demand accountability

January 12, 2018, 3:06am

Government has moved in against inefficiency and lack of accountability on the part of tenderpreneurs with a set of new stricter amendments to the tender process which have elbowed out many small medium enterprises from competing for tenders.

A host of SMEs cried foul this week after the Roads Authority indicated that for tenders to do with bitumen roads, a company ought to surrender to it a total amount of N$30 000 as bid security for a total of 120 days.

 This is cash in a company or individual’s commercial bank account that has to be withheld by the bank in favour of RA just in case the company does not deliver on the tender.