A government procurement website was launched Saturday at the Global Public Procurement 2012 Forum held in Wuhan, aiming to monitor and provide great transparency in the purchasing process of governmental office supplies and other expenditures.
The China Public Procurement's official network, www.china-cpp.com, established by the Office of the China Federation of Logistics & Purchasinga (CFLP), reveals information on suppliers and purchasers, publicizes purchasing details, including open bidding and price inquiry, and requires that each step of the process be strictly followed. The transaction records will be maintained for checking and supervision, according to the Xinhua News Agency.
The system can provide a price index of different goods in various industries based on the online trading records of prices, which serves as a reference for purchasers. The online supervision includes an alarm that is triggered when a potential bid price diverges far from the price index, according to the procurement website.
"Better supervision will be reached as the online system makes the information open to the public and allows for people's participation in evaluation," Cheng Yuanzhong, vice-chairman of the CFLP, was quoted by the Wuhan Evening Post as saying, adding that improving the transparency of government affairs can help build trust with the public.
Cheng said that the increasing scale of government procurement requires further regulation and transparency on purchasing activities.
In 2011, Chinese government procurement reached 1.13 trillion yuan ($181 billion), accounting for 11 percent of the State expenditures. The figure is 10 times great than it was in 2002, the People's Daily reported.
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