Hunt for replacement for dumped IBM dogged by uncertainty
The Treasury has revived its financial management information project a month after cancelling a $350 million contract with IBM due to repeated delays.
After weeks of deliberation on how best to complete the project, the Treasury has asked other systems integrators and information technology suppliers for their views and interest in taking over from IBM.
But a briefing last Thursday with the government agency left potential service providers with more questions than answers on the project's status and alternative measures they could offer, industry sources told the South China Morning Post.
Sources said the Treasury had failed to answer critical questions - including the percentage of work completed by IBM, the length of time the contractor would have to finish the job, and the amount spent by the government on the project so far.
This lack of transparency could leave the government's transition to an accrual-based accounting system dogged by delays and uncertainty. The new reporting regime is intended to better account for the Hong Kong government's financial health.
