Procurement objectives
5 procurement objectives must guide all your procurement decisions.
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What you need to know
- NSW Government agencies spent more than $30 billion on goods, services and construction each year. Our duty is to make sure this money is spent fairly and efficiently, and for the long-term benefit of everyone in NSW.
- The government has 5 procurement objectives which you must consider every time you procure.
- These objectives aim to deliver better and more cost-effective services to the people of NSW.
- They also aim to make our state economy more collaborative, fair and sustainable.
Importance of government procurement to the NSW economy
In 2018-19, NSW Government agencies spent around $34 billion on goods, services and construction. That means over the past 5 years, our spend has increased an average of $2.7 billion a year.
On top of this, the NSW Government has committed $87.2 billion over the next 4 years towards building critical infrastructure.
Our duty is to make sure this money is spent fairly and efficiently, and for the long-term benefit of everyone in NSW.
We believe government spending can help build a vibrant and sustainable NSW economy, promote innovation, deliver jobs where they are most needed and encourage economic participation.
Consistent with this, there are 5 key objectives which must guide every procurement decision you make.
The 5 procurement objectives are: