The Financial Management Act 1994 (Vic) is the law that governs goods and services procurement in Victoria.
The law gives the Minister responsible for Part 7A of the FMA powers to direct how government agencies buy goods and services.
The goods and services procurement policies apply to certain government agencies. Find out more about who must follow the policies.
The goods and services procurement policies
There are 5 goods and services procurement policies, covering:
- governance
- complexity and capability assessment
- market analysis and review
- market approach
- contract management and disclosure
There are tools and best practice guides to help agencies apply the policies.
The principles that underpin goods and services procurement policies are:
- value for money
- accountability
- probity
- scalability
Tools and support
For more information about the rules for goods and services procurement, please contact the goods and services policy team.
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