Enhancing Opportunities for Local Suppliers: Understanding NSW Procurement Board Direction 2024-02

Created on 20 December, 2024 • Australia Business News • 0 views • 1 minutes read

An overview of the NSW Procurement Board's new directive aimed at increasing opportunities for local suppliers to engage in government procurement processes.

The NSW Government has introduced Procurement Board Direction 2024-02, aiming to bolster local businesses by ensuring they have equitable opportunities to supply goods and services to government agencies.

Key Aspects of the Direction

• Local Market Testing:For procurements valued at $7.5 million or more, agencies must assess the availability of NSW-based suppliers during the planning phase.
• Justification Requirement:If a local supplier is not selected, agencies are obligated to document the reasons on an 'if not, why not' basis, ensuring transparency in procurement decisions.
• Reporting Obligations:Agencies must report quarterly to the Procurement Board, detailing procurement activities and the involvement of local suppliers.

Implications for Local Businesses

This directive underscores the NSW Government's commitment to supporting local enterprises, fostering economic growth, and enhancing job opportunities within the state.

Action Steps for Local Suppliers

1. Register on the NSW Supplier Hub:Ensure your business is listed to increase visibility among government buyers.
2. Engage in Local Market Testing:Participate actively in procurement processes by responding to market assessments and expressions of interest.
3. Stay Informed:Regularly monitor procurement opportunities that align with your services to capitalize on potential contracts.

By aligning with these strategies, local suppliers can enhance their prospects of securing government contracts, contributing to a robust and resilient local economy.

For more detailed information, refer to the official directive here.