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In Trinidad and Tobago, all public bodies such as hospitals, credit unions, and government-linked organisations are required to follow the Public Procurement and Disposal of Public Property Act, 2015 and the Simplified Procurement Regulations, 2024 when they engage external companies. This framework ensures that contracts are valid, transparent, and accountable. It protects both the organisation and the consultant by making sure that services are acquired in a fair and documented manner.
For IGECON, procurement is not simply a formality; it is the mechanism that allows collaboration with public bodies to be recognised as legitimate and compliant. When IGECON proposes an energy efficiency project, such as an electricity audit or a billing downgrade, the public body must include this engagement in its annual procurement plan. This step confirms that the organisation intends to hire IGECON and that the project is part of its approved activities for the year.
The organisation lists IGECON’s services in its annual procurement plan.
Normally, proposals are invited from several companies. However, if IGECON is uniquely qualified, the organisation may use sole source selection.
The proposal is reviewed and approved by the accounting officer. IGECON is awarded the contract.
IGECON performs the audit, liaises with T&TEC, applies for billing downgrade, and implements efficiency measures. The organisation monitors performance and keeps records for seven years.
IGECON receives a fixed fee for the audit and a performance-based fee (15–20% of verified savings) once the electricity bill is officially reduced.
It makes contracts legal and valid.
It protects both IGECON and the client from penalties or void contracts.
It ensures transparency—everything is documented and auditable.
It reassures clients that IGECON is a safe, compliant partner.
Procurement is the official process public bodies must follow when hiring companies. It ensures contracts are valid and transparent.
Because hospitals, credit unions, and other public bodies can only legally hire IGECON if the process is followed. It protects both sides.
Yes. Through sole source selection, if IGECON is uniquely qualified (which it is for energy audits and electricity downgrades).
IGECON charges a fixed fee for the audit, then a percentage of the verified savings once the electricity bill is reduced.
Only the audit fee is payable. IGECON’s performance fee depends on actual savings.
Official documents from the Government Electrical Inspectorate (GEI), T&TEC, and IGECON’s ASHRAE Energy Conservation Report.
Yes. While the Act primarily governs public bodies, private companies that contract with public entities (like credit unions, state enterprises, or ministries) must comply with procurement rules when delivering goods, services, or works.
Because compliance ensures contracts are valid, protects against penalties, and builds credibility with regulated clients.
Simplified procurement covers micro procurements (≤ $75,000) and small-scale procurements (≤ $1,000,000). If your business supplies within these ranges, you’ll likely interact with IGECON under these streamlined rules.
No. Splitting contracts to avoid thresholds is illegal and can result in fines or imprisonment.
Generally yes, but there are exemptions (e.g., online platforms, emergencies, overseas transactions). IGECON will guide suppliers through registration when required.
Yes, especially for one-off services or goods used outside Trinidad & Tobago. Registration in the local depository may not be required.
Suppliers must show they are up-to-date with taxes and contributions in Trinidad & Tobago. First-time suppliers may be given six months to comply.
Written quotations are standard, but verbal quotations are allowed for micro procurements (with proper records kept).
By following the Act’s objects: transparency, accountability, and value for money. Records of procurement are kept for seven years and may be audited.
Contracts may be void, and entities can face penalties. IGECON prioritizes compliance to protect both itself and its partners.
Because IGECON combines regulatory expertise, proven results, and a performance-based model that reduces risk.
Yes. The Public Procurement Act allows sole source selection when only one consultant is uniquely qualified.
IGECON integrates global standards with local regulations, has delivered measurable savings, and originates projects tailored to client needs.
By tying payment to verified savings—clients only pay when results are achieved.
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