Comments on: 3 reasons why Caribbean MSMEs struggle to secure IT contracts

By: Alex

Thu, 10 Dec 2015 21:07:59 +0000

Local MSME’s may need to forge useful alliances within the global market place to ensure that there strengths can be utilised by the larger international companies. Globalisation will not lose traction.

We will have to secure innovative ways to provide value added offerings to deliver services as local agents, distributors, sub contractors or service providers until or reputations and efficiencies can successfully rival our global counterparts.

Lower margins or differentiated offerings may not be encouraging but it may provide improved impact.

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By: Michele Marius

Mon, 07 Dec 2015 16:02:14 +0000

In reply to Edmund.

Edmund,
Thanks for that insight. Clearly the deck is stacked against MSMEs for those projects.

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By: Edmund

Mon, 07 Dec 2015 00:21:09 +0000

They have also left out financial requirements. A lot of the EU and funded projects require audited yearly finances in the millions which smaller bidders may not meet

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By: Racquel Dunn

Thu, 03 Dec 2015 08:11:06 +0000

Indeed

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