MAV Procurement is a unit of the Municipal Association of Victoria focusing on achieving better procurement outcomes for local government.
MAV Local Government Funding Vehicle
The establishment of the Local Government Funding Vehicle (LGFV) is a significant milestone within the Australian local government sector, and has been labelled as a ‘revolution in municipal finance’ within the banking industry. From the almost crippling effects of the $400 million defined benefit superannuation shortfall in 2012/13, the sector has rallied together to establish a cheaper source of funding that has the potential to save councils in excess of $100 million over the next 10 years.
Rather than being at the mercy of the banks, we are now in a position where we can source funding at a cheaper rate than the banks themselves, as was demonstrated through the first issuance of the LGFV in November 2014.
Ministerial approval for MAV Procurement contracts under section 186
Ministerial approval has been granted under section 186 of the Local Government Act 1989 in relation to contracts entered into by councils through MAV Procurement.
In practical terms, this means that councils are now able to access all MAV Procurement contracts at any time, irrespective of whether that council appointed MAV Procurement as the tendering agent.
Moving forward, the agency appointment process will no longer be required for MAV Procurement contracts.
Better value for local government
By leveraging the combined purchasing power of councils, we can achieve better value on products and services.
Working with our members and suppliers, we reduce procurement costs, simplify processes and improve services while delivering sustainable outcomes for communities.
Councils can minimise compliance risk associated with procurement by working with us.
We deliver training programs and promote innovative technology to improve the procurement capacity and practices of councils.
Research, policy & best practice
Through our partnership with Local Government Victoria, we play an important role in research, policy development and establishing best practice.
Not for profit
MAV Procurement is not for profit.