Sri Lanka Telecom (SLT), for the first time in Sri Lanka , launched a web based e-procurement system facilitating complete automation of the processes enabling paperless transactions relating to procurement of material and services.

This latest initiative is aimed at increasing transparency, reducing cost of doing business, reducing duplicity, bringing out more efficient purchasing process and increasing the ability to capture strategic information on procurement including purchasing patterns.

SLTs web site provides suppliers with up-to-date information they need to provide quality goods at competitive bidding practices. The eTENDER initiative provides a vehicle to deliver more focused governance over the procurement system, thereby leading to improved quality of service. Implementation will also benefit both SLT and the suppliers.

SLTs eTENDER system will increase the exposure in open tenders to the whole world and the system will enhance the competitive bidding practices adopted by SLT which at present have limited access by local suppliers for most of the goods.

Prospective tenderers can download the tender document free of charge within a few minutes after publishing in the web site, thereby reducing the actual process to minutes. In global tenders, the tender document can be downloaded by the foreign principle within few minutes after notification.