-13.8 C
Ottawa
Saturday, December 13, 2025

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

Date:

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.

About the author: Naziya Alvi Rahman
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

Day in Photos: Eruption of Mount Semeru, Winter Fiesta, and Scuba-Diving Santa Claus

A damaged road along a landslide-affected area in the...

BC Premier Pledges $154 Million in Loan Guarantees for Landowners Impacted by Cowichan Aboriginal Ruling

Properties that fall within the boundaries of a Cowichan...

CEO of Canadian Museum of Immigration Steps Down After Report Accuses Her of Misconduct

The Canadian Museum of Immigration at Pier 21 in...

Wall Street Review: Investor Rotation Triggers Tech Stock Sell-Off

A trader works on the floor of the New...