Managing the lifecycle of goods and assets
- Managing goods and assets throughout their life is part of the procurement process.
- This extends to disposing of goods, which is covered by procurement legislation.
- You should follow circular economy principles when it comes to extending the life of a good or recycling it.
Managing goods and assets
In the planning phase of your procurement, you should have considered the value the goods or services would deliver across their entire lifecycle. Now, in the management stage, you make sure this value is realised.
For goods and assets, this means making sure they continue to be used, repurposed or disposed of in the most efficient and beneficial way.
Dispose of goods and assets
Under the Public Works and Procurement Act 1912, disposing of unserviceable goods you no longer need is part of procurement. This means any policy or board direction that applies to a procurement also applies to how you dispose of the goods you’ve procured.
Before you dispose of any goods, you must make sure you get approval from the right authority. Where appropriate, make sure that disposing of the goods is considered in the tender specifications and evaluation criteria.
You should follow the NSW Government’s Circular Economy Policy wherever possible. This aims to deliver positive economic, social and environmental outcomes to NSW.
A circular economy is about valuing resources by getting as much use out of products and materials as possible and reducing the amount of waste.
For example, using recycled materials in manufacturing, repairing household goods before buying new ones or repurposing items that are no longer used.
Develop product specifications that use circular economy principles, such as:
- dispose of goods sustainably.
Read more in the NSW Circular Economy Policy Statement PDF.