Tendering Practice in Singapore
Tendering is not a total fullproof way to ensure value and transparency in procurement.
(This I will illustrade later in a later blog giving examples through my work experience)
Procurement is not just about products but services or even property developments. It is important for companies first to understand the right culture and then value, then will they be able to do the right things in the right markets for the people and country.

Town councils are set up to manage HDB estates. The managing agents for various estates have since been sourced out to external parties.  These managing agents too need to be regulated with proper transparency through tendering to procure the most effective, efficient agent to manage the estate. And each managing agent should be secured on say; 5 years term on a fixed rate (conservancy fees). Upon expiry it should be subjected to re-tender or review by the estate committee for extension.

Many town councils have their own building, whether through leasing from HDB or otherwise. Take for example one town council, they lease the hall to a  comnunity centre  for use as a badminton hall and events. Is the TC leasing to them at market rate? Are the revenues collected from use of badminton hall and events justified the market rate? Isn't town council accountable to the estate owners how they use the fund.
If you do the sum I am sure it is not, as utilization rate for badminton use is probably at 50% or less. Events are held at the hall less frequently, less than 10 events per year. Can the TC better utilize their facilities as these are accounted for and thus affect the balance sheet. Though the comnunity centre lease the hall for badminton and as comnunity centres  are meant for the community at large including those staying in the private estates. Is there not conflict of interests as town counci'l's fund belongs to estate owners