Amendments to the procurement legislation would be taken to Parliament this Friday.
If accepted, the entire Public Procurement and Disposal of Property Bill would become law.
This is expected to lead to greater accountability in the use of public funds.
Colm Imbert, Leader of Government Business, is scheduled to ask the House of Representatives to adopt a report of a Joint Select Committee that was set up to examine aspects of the legislation.
Imbert himself chaired that bi-partisan committee, which was appointed last November.
Other government representatives on the committee are Cherrie-Ann Crichlow-Cockburn, Adrian Leonce, Franklyn Khan and Paula Gopee-Scoon.
The opposition is represented by Wayne Sturge and Dr. Bhoe Teewarie.
Independent senator David Small is also a member.
Certain sections of the law were proclaimed last August.
The part-proclamation was done in order to set up the vital Office of Procurement Regulation (OPR).
It was explained then that an operational OPR was important before the entire law could be implemented.
The previous government had set up an oversight committee, headed by Timothy Hamel-Smith, to analyse the ground-breaking legislation.
That committee had recommended the part-proclamation.
The Hamel-Smith Committee had advised that the gradual implementation allowed for the establishment of necessary functions, posts, processes, and transitions, leading to a seamless adjustment and efficiency in operations.
The legislation seeks to promote the principles of good governance, such as accountability, integrity, transparency, and value for money.
The development of local industry is another centrepiece of the procurement law.