A recently released State Procurement Board report states that South Australian (SA) procurement is 90.2 per cent locally based. It was confirmed that goods and services within the state during the period 2014-15 were local businesses.
The government is of the opinion that this success is a direct result of the Industry Participation Policy which was created by state government in 2013. This policy focuses on procuring products from locally based suppliers who source locally. It maximises local labour and capital.
Martin Hamilton-Smith, Minister for Small Business, said: “Major projects awarded under the revised Industry Participation Policy have also shown extremely strong results, with more than 90 per cent of the sub-contracts awarded to contractors where the majority of the dollar spend is in the state.
“These figures are a clear indication the state government’s Industry Participation Policy has been successful in creating opportunities for small businesses and this will be supported by further reforms to be put in place by the Office of the Industry Advocate.”