Australian Businesses to Get Priority Tendering for $100 Billion in Government Contracts

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Australian Businesses to Get Priority Tendering for $100 Billion in Government Contracts

Minister for Finance, Senator Katy Gallagher at the National Press Club in Canberra, Australia on March 7, 2024. AAP Image/Mick Tsikas

Australian businesses will soon be given priority access to nearly $100 billion (US$65 billion) worth of annual government contracts under new procurement reforms set to begin next month.

From Nov. 17, only Australian companies will be invited to tender for non-construction contracts valued below $125,000, and for construction contracts worth under $7.5 million.

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