XXXVIII, No 17, 07/09/2020
Revised Australian procurement rules require assessment of “economic benefits” in procurements
The Australian Department of Finance has released an update to the Commonwealth Procurement Rules introduced in 2017. The rules now require the government to consider broader domestic economic benefits in all government procurements, commercial and defence. Officials will need to gather information on economic benefits as part of the decision-making process and document how the economic benefit has been considered as part of the overall value-for-money evaluation.