Government introduces a couple of ways to help suppliers

Tuesday, 6 February 2024 07:00

By Tonya Organ

The Newfoundland and Labrador First Procurement Strategy will help create the best opportunity for suppliers to be successful in obtaining contracts through maintaining the provincial preference discount; increasing open call thresholds; promoting the use of exemptions under trade agreements; and reducing the use of bid bonds.

Government has introduced a couple of new ways to help suppliers get contracts, support development, and increase sustainable practices. The Newfoundland and Labrador First Procurement Strategy will help create the best opportunity for suppliers to be successful in obtaining contracts through maintaining the provincial preference discount; increasing open call thresholds; promoting the use of exemptions under trade agreements; and reducing the use of bid bonds. It also helps new suppliers strengthen their ability to participate in government procurement processes. The Sustainable Procurement Strategy is focused on sustainability for procuring goods, services and construction alongside traditional considerations such as price, quality, service and technical considerations.

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