Procurement

What is an economic benefit to New Zealand?

The concept of economic benefit to New Zealand refers to the positive impact that an activity, policy, initiative or investment has on overall local economic well-being.

Economic benefits are where, through our procurement activity, we consider opportunities such as:

• making better use of Hawke’s Bay resources, such as increasing workforce participation, providing training or apprenticeships or using spare industrial capacity.
• using Hawke’s Bay businesses, including SMEs and regional businesses in delivering goods and services, either directly or as a subcontractor or in the supply chain.
• developing Hawke’s Bay industry capabilities or capacity.
• developing and adopting innovative products or practices that benefit Hawke’s Bay communities.
• considering the sustainability and or environmental benefit of the proposed solution.
• contributing to positive social and cultural outcomes in Hawke’s Bay communities.

Economic benefits fit within the assessment of public value. Public value means getting the best possible result from our procurement, using resources effectively, economically and responsibly.

How HBRC contributes to economic benefit

Our procurement opportunities include a section on economic benefits for suppliers to complete as a component of the factors we evaluate.

What HBRC looks for in suppliers

In responding to the economic benefits requirement of a procurement activity, suppliers may wish to provide information about relevant business operations, such as:

• operational location
• employee demographics
• subcontractor arrangements
• supply chain arrangements