The CPRs apply to all non-corporate Commonwealth entities and prescribed corporate Commonwealth entities, guiding them in achieving value for money and encouraging competition among suppliers.
Key principles and requirements outlined in the Commonwealth Procurement Rules include:
- Value for Money: The core principle underpinning the CPRs, requiring that procurement processes achieve the best possible outcome for the expenditure of public resources.
- Encouraging Competition: Procurement processes should be designed to promote competition and allow fair access for all potential suppliers, including small and medium enterprises.
- Efficiency and Effectiveness: Procurement activities should be conducted in an efficient and effective manner that is appropriate to the scale and scope of the procurement.
- Ethics and Transparency: Officials involved in procurement must act ethically, impartially, and with accountability, ensuring decisions are transparent and supported by appropriate documentation.
- Risk Management: Entities must establish processes to identify, assess, and manage risks associated with procurement activities.
- Sustainable Procurement: The CPRs encourage entities to consider environmental sustainability and economic benefit to the Australian economy as part of the value for money assessment.
The Commonwealth Procurement Rules are updated periodically to reflect changes in policy, legislation, or best practices in procurement. They are administered by the Department of Finance, which provides guidance, support, and oversight to ensure compliance across government entities.
For more detailed information, guidelines, and updates on the Commonwealth Procurement Rules, please visit the Department of Finance website.
