Unlocking Government Contracts: Insights from the 'Demystifying Federal Public Markets' Webinar
Published on April 12, 2024 - Event occurred on April 11, 2024
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The webinar "Mythbusting Federal Procurement and The Basics of Selling to the Government of Canada," held on April 11th, was a valuable resource for Indigenous businesses seeking to understand the intricacies of the Government of Canada's procurement process.
The Government of Canada, one of the largest buyers of goods and services in the country, has implemented specific initiatives to support Indigenous businesses and increase their participation in public procurement. It spends approximately $24 billion annually across various sectors, allocating a significant portion of these contracts to small businesses, including those led by Indigenous communities. Here are the points covered during this webinar:
Specific Strategies and Initiatives: Indigenous Procurement Strategy (IPS): This strategy includes markets reserved specifically for Indigenous businesses and imposes procurement requirements on all federal departments and agencies to achieve a 5% minimal participation goal by Indigenous businesses.
Buying Better Initiative: It aims to modernize procurement to make processes simpler and more accessible, while also promoting socio-economic objectives such as supplier diversity. Indigenous businesses benefit from better opportunities through this simplified and more open approach.
Participation in Markets: Indigenous businesses wishing to participate in public procurement markets must register as suppliers and can benefit from various programs and supports specially designed to facilitate their access to market opportunities. Support initiatives include training on purchasing processes and access to networks and events that connect Indigenous businesses with government agencies.
Impact and Benefits: These efforts are intended to create a more inclusive economy by stimulating the competitiveness and prosperity of Canadian Indigenous businesses. By actively participating in federal markets, Indigenous businesses can not only grow economically but also contribute to achieving national goals regarding diversity and inclusion.
In summary, the Government of Canada is striving to reduce barriers and promote increased participation of Indigenous businesses in federal procurement, which is beneficial for both Indigenous communities and Canadian society as a whole.
We invite you to consult the comprehensive Reference sheet: Getting started selling to the Government of Canada, prepare, and succeed in federal procurement, while emphasizing fairness, transparency, and environmental responsibility. Stay tuned as SCNATEA will soon invite you to participate in other informational sessions on the subject. For more information, contact us.
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