Why Government Procurement is a Great Opportunity for Small Businesses
Government procurement is an excellent avenue for small business owners looking to expand and diversify their income. With the Western Australian Buy Local Policy 2022, small businesses now have more accessible opportunities to secure government contracts and form long-term partnerships.
Whether you’re in trade services, professional services, or manufacturing, government procurement can open doors to significant growth. Here’s why it’s worth considering and how to get started.
Why Should Small Businesses Consider Government Procurement?
Government procurement is a major player in the economy. State government agencies purchase a wide array of goods and services every year, making it a valuable source of income for businesses of all sizes.
The WA Buy Local Policy 2022 emphasizes supporting small and medium-sized enterprises (SMEs). The policy aims to stimulate economic growth within the state and offers SMEs consistent, high-value contract opportunities. Government departments are actively seeking to:
- Increase opportunities for regional businesses
- Simplify the procurement process for SMEs by reducing barriers
- Support the local economy through regional price preferences and local content requirements
Special Consideration for Aboriginal Businesses
If you’re an Aboriginal business owner, you may also benefit from the Aboriginal Procurement Policy (APP), which increases procurement opportunities specifically for Aboriginal businesses.
How to Get Started with Government Procurement
If you’re looking to tap into government procurement opportunities, follow these steps to get started:
- Check the Common Usage Agreement (CUA) Register
Review the CUA Register to see which buyers are approved and identify any opportunities relevant to your business. - Monitor Tenders WA
Keep an eye on Tenders WA for expressions of interest (EOIs) and requests for tender (RFT) that match your business offerings. You can also set up alerts to receive notifications about opportunities that align with your business. - Prepare Your Business
Ensure that your business has all the necessary registrations, insurance, and compliance documentation in place. Highlight your local content and community impact in your submissions to make your business stand out. - Engage with the Local Content Adviser Network
If your business is located in regional WA, connect with the Local Content Adviser Network. They can provide guidance on aligning your business with the Buy Local Policy and help you meet government procurement requirements.
Conclusion
Government procurement offers a wealth of opportunities for small businesses, especially those in regional areas. By understanding the process, ensuring your business is ready, and engaging with local networks, you can position yourself to secure long-term, high-value contracts. The WA Buy Local Policy 2022 makes these opportunities more accessible than ever, and with the right preparation, your business can thrive.
