The NSW Government's New Procurement Policies: Opportunities for Business Growth
The NSW Government has recently announced significant changes to its procurement policies to support local jobs and businesses. These changes present new opportunities for companies seeking to engage with NSW government contracts.
Key policy changes include removing local content restrictions and allowing government agencies to consider local development opportunities when evaluating bids. A new 'If not, why not' direction requires agencies to engage with local NSW suppliers before tendering for projects over $7.5 million. The government will also establish a Jobs First Commission to oversee local content measures, including a 30% minimum weighting for local content in large tenders.
For businesses outside NSW, these changes may necessitate establishing a local presence to remain competitive in government tenders. At Patricia Holdings, we're well-positioned to assist companies in setting up NSW-based entities. Having NSW-based entities would ensure compliance with new procurement rules and structuring businesses to meet local content requirements. Whether you're an interstate or international company looking to qualify as a 'local supplier' or a NSW-based business aiming to optimise your position, we're here to help you navigate these new opportunities.
We provide services like new NSW company incorporation, NSW-based registered office, and resident director services to help you capitalise on this opportunity.
Contact us today to see how we can help.
The media release article can be read here.
