Class 1 contracts: Contracts that are valued at $150,000 and over inc GST.
Class 2 contracts: Contracts that are valued at $150,000 and over and less than $5 million inc GST which also:
- result from direct negotiation where there has not been a tender process; or
- have been the subject of a tender process and where the final contract terms and conditions are
substantially negotiated with the successful tenderer (this includes alliance type contracts); or
- involve operations or maintenance obligations for 10 years or longer; or
- involve a privately financed project as defined by relevant Treasury guidelines; or
- involve a transfer of land or other asset to a party in exchange for the transfer of land or other
asset to an agency.
Class 3 contracts: Class 2 contracts that are valued at $5 million or more inc GST.