Monitoring Infrastructure Projects Awarded across All Tenders to Mitigate Risk of Overexposure on Particular Contractors

4 Mr Zhulkarnain Abdul Rahim asked the Prime Minister and Minister for Finance whether the Ministry monitors the number and monetary quantum of infrastructure projects awarded to contractors across all tenders or projects administered by the various Ministries and agencies to ensure that there is no risk of overexposure of liability, finance or resource on a particular contractor or party.

Mr Lawrence Wong: Managing the risk of overexposure to particular contractors or suppliers is a multi-agency effort. The Ministry of Finance, together with the Building and Construction Authority, collaborates with Government agencies to diversify the contractor and supplier pool and put in place contingency plans. Each agency structures its procurement to avoid over-reliance on a small pool of suppliers and regularly monitors the concentration risks.