Kingsway awarded State Purchase Contract by the State of Victoria
Effective 25 June 2010, Kingsway Financial Assessments has signed a State Purchase Contract with the State of Victoria through the Department of Treasury and Finance for the Provision of Financial Assessment Services. (SS-20-2009)
The Government Departments and agencies that are mandated to use the Proposed Contract are:
- Department of Education and Early Childhood Development;
- Department of Justice;
- Department of Human Services;
- Department of Health
- Department of Treasury and Finance;
- Department of Premier and Cabinet;
- Department of Primary Industries;
- Department of Sustainability and Environment;
- Department of Innovation, Industry and Regional Development;
- Department of Transport;
- Department for Planning and Community Development;
- Office of the Chief Commissioner of Police (Victoria Police);
- The Victorian Auditor-General's Office;
- Office of the Essential Services Commission;
- Office of Public Prosecutions;
- Office of the Ombudsman;
- Office of the Privacy Commissioner;
- Office of the Victorian Electoral Commission;
- Office of Police Integrity;
- Office of the Special Investigations Monitor,
- Office of the Commissioner for Environmental Sustainability; and
- Office of the Legal Services Commissioner.
The Contract is potentially a whole of government contract for the:
Provision of Financial Assessment Reports requiring different degrees of investigation depending on the complexity, value of the project being considered by the Department,Provision of a wide range of financial reports to enable Departments to select the most suitable report for their business purpose
These are to be used for:
- Prequalification Assessment,
- Tenderer Assessment,
- Monitoring Specific Contracts in Progress, and
- Ad hoc Specialised Assessment
Kingsway will be providing a wide range of user friendly reports on Companies, Sole Traders, Partnerships and Trusts across various supply and construction disciplines.
The objectives of this contract are:
- To reduce the financial and reputational exposure for Government by ensuring all Departments understand the opportunity exists to mitigate a substantial proportion of commercial risk by using these services as appropriate,
- To simplify and streamline the engagement process for financial viability assessments,
- To establish quality and content expectations for each category of standard report, and identify a range of specialised reporting considered potentially valuable for Government and
- To implement efficiencies in and continuously improve the quality and reliability of the service with standard price lists, agreed price lists, response times, monitoring trends and influencing responsiveness with key performance indicators.
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