1. Purpose and Objectives
The PSI Projects Procurement Strategy ensures procurement activities are transparent, competitive, and aligned with client objectives. It provides a framework for delivering value for money, mitigating risk, embedding safety and compliance, and fostering innovation and sustainability across all projects.
2. Guiding Principles
- Integrity and probity – fair, open, and defensible processes.
- Strategic alignment – procurement supports project and client outcomes.
- Collaboration – engaging suppliers and stakeholders early.
- Safety and compliance – embedding OH&S and regulatory standards.
- Sustainability and social value – ESG, Indigenous participation, and local industry engagement.
3. Procurement Approach
- Procurement Planning – early market analysis, procurement plans, and risk assessments.
• Sourcing – competitive tendering preferred, with EPC/alliance/PPP models applied where appropriate.
• Evaluation – transparent, criteria-based assessment using a balanced scorecard approach.
• Contract Management – standard templates, KPI monitoring, change management, and dispute resolution.
4. Governance and Oversight
Oversight is provided by the Director, ensuring probity and compliance. Procurement activities are reviewed at milestones with regular reporting to clients on risks, supplier performance, and outcomes.
5. Supplier and Stakeholder Engagement
PSI Projects fosters trusted supplier relationships, supports local content and social procurement, and ensures clear communication protocols for fairness and transparency.
6. Continuous Improvement
Lessons learned are captured across projects, procurement performance is benchmarked against industry best practice, and the strategy is updated to reflect regulatory and market changes.