Indigenous Procurement Strategy
The primary purpose of the Commonwealth Government’s Indigenous Procurement Policy (IPP) is to stimulate Indigenous entrepreneurship and business development, providing Indigenous Australians with more opportunities to participate in the economy.
Key elements of the IPP include:
- A portfolio based target for the number of contracts awarded to Indigenous enterprises;
- A portfolio based target for the total value of contracts awarded to Indigenous enterprises;
- a mandatory set-aside to direct some Commonwealth contracts to Indigenous enterprises; and
- minimum Indigenous participation requirements for certain Commonwealth contracts.
The IPP recommends that, as a matter of best practice, portfolios develop and communicate an Indigenous Procurement Strategy (IPS).