Supplier Responsibilities

Are you meeting your responsibilities as a Local Buy supplier? We’ve created this quick overview to keep you and your business on track!

Do you hold the required insurances?

All minimum insurance requirements (including minimum sum insured thresholds) can be found in ‘Schedule A’ of the General Conditions of Contract. These insurance requirements may vary depending on which Local Buy Arrangement you are on. If you believe you do not require one or more of these insurances, please contact the Category Manager.

Have you paid your annual verification fee?

Existing suppliers are required to pay one annual verification fee of $250, regardless of how many Arrangements they are on. However, many suppliers are exempt from paying these fees. This includes small businesses with less than $500,00 in annual turnover, Indigenous owned businesses, registered charities, and social enterprises based in Queensland, Tasmania or the Northern Territory.

Have you paid your contract management fees?

A small contract management fee is payable each month on any revenue generated through a Local Buy Arrangement. Each arrangement has a specific contract management fee but the average across all Local Buy Arrangements is 1.5%.

Have you completed your monthly reporting?

Suppliers are required to report all income received through a Local Buy Arrangement. If you did not generate income through a Local Buy Arrangement you are required to submit a NIL report. Reporting is completed monthly and is always due by close of business on the 21st of each month. Failure to report over consecutive periods may result in your suspension or termination from the Arrangement.

Do you know what to do if your company details change?

If you need to update your contracted ABN, you will need to re-tender under your new entity. Always advise us if this is the case so we can track the progress of your submission and make the appropriate changes to your account upon appointment.

Do you remember which platforms to use?

Local Buy uses a few different platforms which all require separate logins. Remember to keep these details handy!

APET360 – This is where our tenders are released every three months. You will use this platform if you wish to tender for an Arrangement, or if you wish to add additional categories to an Arrangement you are already appointed to.

VendorPanel – This is where we host our pre-qualified supplier lists. Once you have been appointed to a Local Buy Arrangement, this is where our buyers can view your profile and send you RFQs.

Reporting Portal – This is where you will submit your monthly returns.

For assistance with any of the above tasks, please reach out to our friendly team at enquiry@localbuy.net.au