The PSOJ is welcoming the government’s plan to reserve a portion of its annual procurement contracts for Micro, Small and Medium Enterprises, MSMEs.

It also notes the Domestic Margins of Preference allowing Jamaican suppliers preference in the application process, regardless of their price point.

The PSOJ in a statement yesterday is expressing cautious optimism about how quickly positive results will be realized by MSMEs.

The PSOJ is urging that surrounding policies, requirements and infrastructure be modified to ensure maximum benefit of the legislation.

Newly elected President, Keith Duncan, says while it’s good news, there are concerns.

Mr Duncan says MSME initiatives must be designed to accommodate  cultural, educational and financial realities of where we live and the target groups.

The PSOJ boss says the Application Process to qualify for Government Procurement Programs and the time it takes for the Government pay outs for products or services will be major hurdles.

The group’s urging the Government to consider several measures to allow for maximum benefits to MSMEs.

Among them an extensive assessment of  the government’s procurement application requirements, forms and processes to make them more MSME- friendly.

It’s also suggesting that any Government supplier with less than 30 employees be contracted with a deposit and paid on a net 30 basis.

The group believes by addressing these two hurdles the Government can create an MSME Government Procurement Initiative “Fit For Purpose”.

It says this will allow MSMEs to fully benefit from the good intentions of the legislation.