In April 1996, the federal government launched the PSAB. The strategy is being implemented in phases. Phase 1 began April 1, 1996 with activities such as contracting review and supplier development, and the introduction of new measures in which specific contracts may be set aside for competition by Aboriginal businesses, especially where the population to be served is largely Aboriginal. Phase 2 started in January 1997 with multi-year Aboriginal procurement performance objectives targets established by federal departments and agencies with contracting expenditures valued at more than $1 million.
The main objectives of the PSAB are to:
The main objectives of the PSAB are to:
- stimulate Aboriginal business development; and
- increase the number of Aboriginal firms competing for and winning federal contracts.
- the creation of measures to set aside specific contracts for competition by Aboriginal businesses;
- the development of performance objectives targets to increase the total value of Aboriginal procurement; and
- the development of complementary measures to facilitate access by Aboriginal businesses to federal procurement opportunities, such as information on Aboriginal suppliers, changes to federal contracting policy notices, informing Aboriginal businesses of market accessibility, and changes to federal contract security requirements
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