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New Zealand starts new rules Dec. 1, giving 10% weight to local economic benefits in government contracts over $100K.
New Zealand is rolling out new procurement rules effective December 1, requiring a 10% evaluation weight for a bid’s economic benefit to the country, such as job creation and local investment.
The changes, part of a streamlined system reduced from 71 to 47 rules, aim to boost local businesses by prioritizing domestic firms in government contracts over $100,000 for goods and services and $9 million for construction.
The reforms, informed by over 900 submissions, simplify processes to help small and medium enterprises participate more easily while supporting economic growth and meeting international trade commitments.
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Nueva Zelanda comienza nuevas reglas el 1 de diciembre, dando un 10% de peso a los beneficios económicos locales en contratos gubernamentales de más de $100K.