Our procurement arrangements reflect our corporate values, including our commitment to uphold best practice environmental and social standards.
A number of core principles guide our purchasing activities:
Value for money
Purchasing decisions require a value for money assessment. We evaluate procurement options across a range of indicators, including on a ‘whole of life’ basis, the supplier’s competence and viability, and the avoidance of non-transparent costs.
We take a holistic view of value for money, with purchasing decisions not driven by price alone. This gives us the flexibility to procure goods and services that help us meet our sustainability objectives.
Wherever feasible, we seek competitive tendering for significant procurements and obtain a range of quotes for smaller purchases. We aim to ensure SMEs have the opportunity to provide competitive offers or proposals and that overall bidding costs do not deter suppliers.
Ethics and fair dealing
We make sure our purchasing is consistent with the ethical principles outlined in our Code of Conduct and Fraud Control Policy.
Dealing with complaints
We handle any complaints about our purchasing process in a fair, non-discriminatory manner. The initiation of a complaint won’t prejudice a supplier’s participation in future procurement processes. Anyone seeking to make a complaint about our purchasing process can do so via our complaints mechanism.
Export Finance Australia is subject to Commonwealth Procurement Rules (CPRs) for all procurement activities above the following thresholds:
- $400,000 for property or services other than construction services
- $9,000,000 for construction services.
All relevant procurement is disclosed on AusTender in line with Commonwealth Procurement Rules.
The CPRs reflect the Australian Government’s Sustainable Procurement Guidelines.