Procurement and Risk progress
Good procurement practices are essential to high performance in the sector. The plan focuses on building procurement skills, promoting clearer contracts, and a better deal for subcontractors.
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Improving procurement practices and people's understanding of risk in the sector will contribute to the Accord goals of increasing productivity, raising capability, and improving resilience. Specific outcomes in the Accord targeted are to enable quality durable builds, value for money, fair risk allocation and a collaborative industry.
Find out what procurement and risk initiatives are in the Transformation Plan.
Initiative progress and milestones
Follow progress here on Accord and Transformation Plan programmes that will work to improve procurement practices in the sector.
| Date | Milestone |
|---|---|
| Jan 2020 | Accord Steering Group commit to complying with the subcontractor payment retentions scheme and in addition, to hold retention money in a separate account to better protect it, and to proactively share retention accounting records. |
| Sept 2019 | Government Construction Procurement Guidelines(external link) updated with changes aimed at improving project briefs and risk transparency, and at shifting the focus from lowest price tenders to best long-term value. The general Procurement Rules were also updated, and these now require agencies to follow the Guidelines for projects over $9 million, and to submit an assessment of their overall procurement performance to MBIE so areas for improvement, including in construction, can be identified. |
Last updated: 26 January 2020