Increased Procurement Thresholds to Support Local Businesses
A local preference provision has been added to the Public Procurement Regulations.
This provision will mandate an allowance of ten per cent for local suppliers for all procurements, to the maximum permitted under the Canadian Free Trade Agreement.
In addition to this preference provision, the thresholds at which open calls for bids are required have been increased to allow for more opportunities to direct business to local suppliers through a limited call process.
The procurement process in Newfoundland and Labrador affects all public bodies including municipalities, health authorities, school boards, academic institutions and government departments and agencies, as well as businesses throughout the province.