Procurement governance policy
The procurement governance policy is a Ministerial Direction under the Procurement Act 1995.
It works with the procurement rules to make sure government buying is fair, transparent and delivers long-term benefits for the Territory.
Importance of the policy
The procurement governance policy:
- sets out the 5 procurement principles, the procurement lifecycle and governance roles
- explains why procurement is done in a particular way and who is responsible
- outlines key definitions of terms used in the procurement rules.
Procurement principles
These are the 5 procurement principles:
Principle 1: Value for Territory
Procurement expenditure that delivers procurement outcomes while meeting the NTG economic, social, environmental and cultural objectives.
Principle 2: Ethical behaviour and fair dealing
Instil confidence in business, industry and the public as to the probity, accountability and efficacy of NTG procurement activities, including through an ethical and responsible supply chain.
Principle 3: Open and effective competition
Procurement activities are merit-based and foster a competitive and innovative business environment to drive opportunities for the NT.
Principle 4: Enhancing the capabilities of Territory enterprises, industries and supply chains
Procurement activities support the growth, development and sustainability of Territory enterprises, industries and supply chains.
Principle 5: Environmental protection
Procurement activities promote the protection of the environment through harm minimisation and sustainable practices, including through the use of recycled and reusable products.