For more information on these agreements and related documents, please consult the website of the Ministry of Foreign Affairs and Trade. The governments of New Zealand and Australia today reaffirmed their commitment to a competitive single market for government procurement with the signing of the Australian-New Zealand Public Procurement Agreement (ANZGPA), said Steven Joyce, Minister of Economic Development. “Today`s announcement confirms the close connection between New Zealand and Australia and the desire to cooperate to maximise opportunities for businesses and government agencies,” says Joyce. In addition, most of ANZ`s businesses and government departments still rely on manual processes to identify contract leaks that are time-consuming and vulnerable to human scrutiny. The absence of significant contractual terms can be detrimental to buyers, either because they pay more or because they miss important deadlines, creating strained relationships with existing suppliers. Here we discuss the top 3 of how businesses and government services can benefit from public procurement support to address COVID-19 challenges: acquisition as a function has always helped companies find ways to reduce costs and, with the advent of modern technologies such as artificial intelligence (AI), the acquisition has also acquired strategic importance for companies in recent years. Free trade agreements between New Zealand and other countries make it easier for companies to sell to foreign governments. We agree on the contractual possibilities available to New Zealand suppliers and the basic purchasing procedures used. New Zealand is a party to a number of existing agreements that contain provisions on government procurement. While contracts are legal documents that bind a buyer and a supplier expecting both parties to comply with the agreed terms, it is required to have exceptions most of the time. Purchases of contracts or expenses from individuals are one of the main points of disagreement for purchasing teams trying to control costs. ANZGPA respects the objectives and principles of the Australia New Zealand Closer Economic Relations Trade Agreement (CER), which provides opportunities for competitive suppliers and reduces business costs for both government and industry.
As the economy takes a leap forward, procurement teams can take advantage of this moment by using modern technologies to reduce costs, attract new suppliers on board, reduce required cycle times, and help governments and businesses survive this wave of COVID-19. . .