BPP saves N5.5 bn in 3 months through projects cost reduction #CarryGobySeanKellz #FutureGroupNG via @myentertain9jar

Director General of the Bureau for Public Procurement Emeka Eze

The Bureau of Public Procurement (BPP) said it saved the country N5.5 billion in three months following its review of cost of various projects undertaken by the Federal Government.
The bureau said the review was undertaken between October and December, 2013.
A statement released by the bureau for its 2013 Last Quarter Report on Public Procurement in Abuja showed that about 50 projects were approved by the Federal Executive Council during the period.
The reports signed by the Bureau’s Head of Public Relations, Thomas Odemwingie, indicated that the projects were for the rehabilitation of roads, construction of houses, training services and procurement of equipment.
A breakdown, showed that the total project cost as requested by MDAs during the period stood at over N85.45 billion but was trimmed by the BPP to slightly over N79.93 billion.
“This showed a marked difference of N5.5 billion as money saved from the cost projected by the MDAs and what was approved by the BBP.”
According to the report, the contracts were to be implemented through the Ministries of Defence, Works, Power, Transport, Niger Delta and Petroleum Resources.
Others were the State House, National Emergency Management Agency, National Population Commission, and the office of the Secretary to the Government of the Federation.
It also showed that Messr Otunba Olutola Senbore, was awarded the contract for the Liquidation of NITEL/MTEL by the Bureau of Public Enterprises.
It indicated that the contractor would take 1.75 per cent of the total proceeds of the sale, plus another N206.3 million after the completion of the contract.
“The BPP was developing a Public Procurement Review Software (goPRS) to enable the bureau effectively monitor public procurement solicitations and contracts awards by MDAs.
“Nigeria has lost several hundred billion naira over the last decade due to flagrant abuse of procedures for the award of public contracts, inflation of contracts among others.
“The goPRS seeks to provide a commodity pricing register for creation of a nationwide commodity catalogue with standard pricing and also a register for the registration of service providers and standard prices for services.
“This will help reduce human interaction and personal contacts between procurement officials and contractors and also assist contractors in preparing their best offers for government contracts,’’ the report stated.