21 Oct 19: Sri Lanka has issued mandatory guidelines for government procurement aimed at ensuring value for money that includes penalties for corrupt practices such as contractors being barred from future procurements. The guidelines published by the National Procurement Commission are for the procurement of goods, works, services and information systems and selection and employment of consultants by government institutions. They aim to establish governing principles and procedures to ensure ‘Value for Money’ in an efficient, transparent and competitive procurement process by government institutions.