Procurement and Contracting

Procurement and Contracting

So what is value for money?

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Michael Young - Sunday, August 07, 2016

Many people mistakenly think of value for money as just a tender evaluation criterion aimed at determining which supplier is offering the best price for the goods and services being sought. (Trying to get best value for the pot of money spent). However, value for money is actually a principle aimed at the outcome of the entire procurement process. (Defined by supplier’s competence, ability to deliver on budget, or additional on costs of the outcome, eg. the price of ongoing service an read more.......

Michael Young - Wednesday, January 16, 2013

Procurement and contract management skill levels have recently come to the fore with a number of high level reports highlighting deficiencies in current practice and recommending training to improve the situation. A recent ANAO a report recommended procurement training for all Commonwealth delegates with the ability to procure over 10k. This was followed by the NSW Commission of Audit’s interim report: Public Sector Management released in February 2012. In this Interim Repor read more.......


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