What is the approximate timeframe for completion of a public authority procurement?
Government, and the State Procurement Board, are continually exploring ways to “reduce red tape” and seek to identify where greater efficiencies can be found. One area of perceived need is around the time taken to undertake procurements. To help explain that, there are a number of significant key milestones that have been identified to gain an insight into acceptable benchmarks: Individual procurement processes will vary greatly depending on the complexity and the public authority’s resourcing capabilities. The following across government timeline target averages relate to public authorities undertaking acquisitions valued above $110,000. It is expected that a high proportion of procurements will be successfully completed well within these timeframes.
