Procurement means buying goods and services and is important for
delivering public services.
Ministries must follow the Chapter 7 Supply Chain Management of the Financial Instructions when buying goods and services.
| Ministries involved in buying goods and services must act in accordance with the five central principles that guide the use of public resources:
- Value for money – buy good quality and at the lowest price;
- Competitive purchasing – let the whole market compete to supply Government;
- Efficient, effective and ethical use of resources – eliminate waste and make only the proper use of Government resources;
- Accountability and transparency – make it clear what has been done and why it has been done;
- Financial sustainability – the underlying fiscal strategy must be sustainable so that it can be continued into the foreseeable future without substantial amendment, particularly without sharp changes in tax rates or spending required to prevent a substantial deterioration in fiscal position.
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Procurements of more than $100,000 and up to $500,000 are required to be approved by a Ministerial Tender Board. Procurements in excess of $500,000 must be approved by the Central Tender Board.
Chapter 7.Financial Instructions - Supply Chain Management
Procurement documentation and forms can be found at Procurement and Payments Forms.