2.2 Private Sector Interface
Engaging in preliminary dialogue with private sector and market analysis is integral to the procurement decision process.
Market soundings in the early planning stages of a project can be beneficial to both government and the private sector. Government can learn about markets, trends and potential impacts of its intended procurement approach; the private sector can prepare to respond to Government's requirements.
It is important to have a sound understanding of relevant industry markets before making procurement strategy decisions. Engaging with the private sector is normally subject to probity considerations relevant in each jurisdiction.
There are a range of issues that may be discussed at this point based on the specifics of the project. Some examples include:
• scope of the project;
• project timelines;
• project-specific issues and requirements; and
• market interest and capability.
It may be appropriate to seek advice about strategies to influence or develop the market.