The new IT-based system is being proposed whereby businesses in Caricom countries can bid on government contracts in member states. The proposed regionally integrated Government Procurement system would bring further life to the CSME single market component, allowing for an effective means for businesses of CARICOM member states to operate in each other's countries. The arrangement is being structured in such manner as to allow certain contracts to be retained for national businesses, while others are open to regional bidding processes.