This example illustrates how an agency can apply Rule 8: Economic benefit to New Zealand to a below-threshold procurement.
A government agency is seeking design services for an upcoming campaign with an estimated contract value of $70,000.
The agency procurement policy requires a staff member to get 3 quotes for contracts between $50,000 and $100,000 in value and does not require an approach to the open market.
As the procurement is below $100,000, the agency in this scenario:
Where an agency is using an open market approach for values less than $100,000, they should refer to Rule 8.2 in their tender documentation.