Todays Date: August 28, 2008
Introduction to Procurement
The fundamental objective of the NSW Government Procurement Policy is to ensure that government procurement activities achieve best value for money in supporting the delivery of government services. The Policy emphasises agency accountability for outcomes, and greater upfront planning and stronger linkage with the State Budget process prior to allocation of capital funding.
NSW Treasury is responsible for Procurement Policy initiatives including enhanced monitoring of major capital works projects.
The Procurement Policy is an overarching framework for all government procurement and applies to all government departments, statutory authorities, trusts and other government entities. State Owned Corporations under the State Owned Corporations Act are exempt although they are encouraged to adopt aspects of the Policy that are consistent with their corporate intent.