TBS Contracting Policy Notice: What You Need to Know
TBS, or the Treasury Board Secretariat, is the central agency responsible for providing advice and guidance on financial management, human resources, and procurement to the Government of Canada. One of its key responsibilities is to develop and implement contracting policies that ensure the fair, transparent, and efficient procurement of goods and services.
Recently, TBS released a contracting policy notice that outlines changes to the way federal contracts are awarded and managed. Here`s what you need to know about the TBS contracting policy notice.
1. Procurement thresholds increased
One of the major changes in the TBS contracting policy notice is an increase in the procurement thresholds for various types of contracts. For example, the threshold for open bidding on goods and services has increased from $25,000 to $40,000. This means that contracts below $40,000 can be awarded without a formal bidding process, making it easier for smaller businesses and organizations to participate in government procurement.
2. Emphasis on sustainability
The TBS contracting policy notice also places a greater emphasis on sustainability in government procurement. The notice requires that all contracts consider the environmental impact of the proposed goods and services and that suppliers be assessed on their sustainability practices.
This is in line with the federal government`s commitment to reducing its carbon footprint and promoting sustainable practices across all sectors of society.
3. Changes to contract management
The TBS contracting policy notice also introduces changes to the way government contracts are managed. For example, it requires that all contracts include a dispute resolution mechanism and that suppliers be held accountable for delivering on their contractual obligations.
The notice also places a greater emphasis on risk management and requires that all contracts include a risk management plan that outlines potential risks and strategies for mitigating them.
4. Increased transparency
Finally, the TBS contracting policy notice seeks to increase transparency in government procurement. It requires that all contract awards be published online and that suppliers be notified of the outcome of their bids.
This is in line with the federal government`s commitment to open and transparent governance and ensures that all Canadians have access to information about government procurement.
In conclusion, the TBS contracting policy notice introduces important changes to the way federal contracts are awarded and managed. By increasing procurement thresholds, emphasizing sustainability, improving contract management, and increasing transparency, the notice ensures that government procurement is fair, transparent, and efficient. If you are a supplier interested in doing business with the federal government, it is important to familiarize yourself with the new policies and procedures outlined in the TBS contracting policy notice.