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Reportable consultancy

  • In 2020–21, the Mint entered into 11 new consultancy contracts involving total actual expenditure of $258,411.88. Ten ongoing reportable consultancy contracts remained active involving total expenditure of $177,580.63.
  • Annual reports contain information about actual expenditure on contracts for consultancies. Information on the value of the Mint’s contracts and consultancies is available on AusTender (www.tenders.gov.au).

The Mint’s policy for selecting and engaging consultants is based on:

  • value-for-money
  • open and effective competition
  • ethics and fair dealing
  • accountability and reporting
  • national competitiveness and industry development
  • compliance with Australian Government policies.

Consultancies were engaged to:

  • investigate or diagnose a defined issue or problem
  • carry out defined research, reviews or evaluations
  • provide independent advice and information
  • provide creative solutions to help the Mint manage its decision making.

Providers of consultancy services were selected through these procurement procedures:

  • open tender—involving publishing an open approach to market and inviting submissions
  • limited tender—involving an agency approaching one or more potential suppliers to make submissions, where the process does not meet the rules for open tender.

The most common categories for engaging consultancy services were the:

  • unavailability of specialist in-house resources in the short timeframe allowed
  • need for an independent study, review or assessment
  • need for specialist or professional skills and knowledge not available in-house.

Table 5 indicates the reportable consultancy contract expenditure for 2020-21

Table 5 - Reportable Consultancy Contracts

Number of contracts

2020-21 expenses (including GST)

New contracts entered into during the period

11

$258,411.88

Ongoing contracts entered into during previous period

10

$177,580.63

Total

21

$435,992.51

Table 6 shows the top five consultants (by value of spend) with the Mint during the year.

Table 6 - Top Five Consultants in 2020–21

Organisation

Actual 2020–21 spend (including GST)

Proportion of 2020–21 total spend (%)

Start Service Pty Ltd

$80,640.00

18

Ridley4 Pty Ltd

$40,340.91

9

Centre for Strategy and Governance

$40,316.00

9

Providence Consulting Group

$39,583.38

9

Kronos Australia

$33,968.75

8

In 2020–21, the Mint entered into 11 new consultancy contracts involving total actual expenditure of $258,411.96. A total 10 ongoing reportable consultancy contracts remained active involving total expenditure of $177,580.63.

Annual reports contain information about actual expenditure on contracts for consultancies. Information on the value of contracts and consultancies is available on AusTender (www.tenders.gov.au)