The Queensland government has announced it will spend at least 25 percent of its $1.2 billion annual IT purchasing budget with small and medium enterprises (SMEs) after revising its targeted commitment.
The beefed-up whole-of-government IT procurement committment, revealed in the state budget earlier this month, will replace the existing 20 percent ‘service standard’ from July.
At the same time, the government has also expanded the ‘transaction’ threshold from $10,000 to $5000, meaning a greater number of contracts will now flow to SMEs.
