All procurement activity must meet the following directives.

• Value for money – this means making a balanced judgement of a range of financial and non-financial factors, taking into account the mix of quality, cost and resources; fitness for purpose; total cost of ownership; and risk.
• Accountability – the Accountable Officer has the flexibility to conduct procurement activities using appropriate capability to provide value-for-money outcomes.
• Probity– high standards of behaviour and actions in the conduct of procurement processes, including equity, confidentiality, avoiding conflicts of interest, and consumer/supplier confidence in the integrity of government procurement processes.
• Scalability– the relationship between the complexity of a procurement project and the capability of the organisation to conduct it to achieve a good procurement outcome.

VFMC has prepared a Social Procurement Strategy that describes the Department’s approach to planning, staff and stakeholder communication and education, supplier communication, measurement and reporting.

Social Procurement Strategy summary

We publish a summary of VFMC’s forecast procurement activities in accordance with the Victorian Government Purchasing Board’s governance policy.

The current Forward Procurement Activity Plan is provided solely for informational purposes. It should not be relied upon for any reason.

All planned procurements are subject to change at any time at the Corporation’s discretion.

All published estimated market release dates are indicative only, and are subject to endorsement of a suitable procurement strategy.

This information does not represent a solicitation or invitation to supply, or a commitment by the Corporation to purchase the described goods and services.

Procurements identified on this plan are expected to have a value greater than $100,000.