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New NZ Government Procurement Rules Boost Kiwi Businesses and Economic Benefits

2 days ago | 45 views

New government procurement rules, effective immediately, aim to boost Kiwi businesses by simplifying tender processes and introducing a minimum 10 percent economic benefit weighting in contract evaluations. The Ministry for Business, Innovation and Employment will monitor compliance and impact, ensuring agencies prioritize New Zealand economic benefits such as workforce participation and training. These changes apply to contracts over specified thresholds and comply with international trade obligations by allowing foreign companies to demonstrate economic benefits to New Zealand.

Tags: Nicola Willis government procurement New Zealand economic benefit Kiwi firms Ministry for Business Innovation and Employment government contracts workforce participation trade agreements tender process