Procurement and Contracting

Procurement and Contracting

Michael Young - Friday, March 15, 2019

Obtain the best possible value for money – that’s the overarching goal of procurement for any organisation. But what does “value for money” actually mean? And is it possible to measure the value for money achieved? What is value for money? Value for money (VFM) is a term that’s easily thrown around, but little understood. It is not about buying the cheapest products or services, but striking the balance between the lifetime cost of the purchase 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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