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Understanding the new Procurement Act 2023: What suppliers need to know - Part 1

VWV

The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. Part 2 will cover the debarment list; contract award process and what options are available to suppliers if things go wrong.

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Procurement Framework: Find The Best Solution For You

Tracker Intelligence

federal government awarded a total of $759 billion in public sector contracts , representing a $33 billion increase from the previous year. This emphasises the importance of being on the right framework agreements for suppliers. You might wonder, ‘What is a framework agreement in procurement?’

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The Public Procurement Glossary

Tracker Intelligence

Whether you’re a supplier trying to land your first contract, a business just getting into understanding government procurement, or a pro looking to stay on top of compliance, this glossary is your go-to guide. Tendering and Bidding A contract notice is published, inviting suppliers to submit bids. Youre not alone!

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Procurement Act 2023: What’s next and why you should act now

VWV

The Ministerial Statement highlighted that the extension aims to facilitate a smoother transition for both contracting authorities and suppliers. This includes call-offs under existing framework agreements and DPS for their remaining terms. Where are we now? For DPS, there is a long stop date of 24 February 2029.