Running investment processes
Closed tender

The Foundation? may from time to time use a "closed tender" process rather than its default contestable investment process for a contract. Under the relevant Foundation policy, a closed tender may be used when:

• the scope of work is well defined and for which only a limited number of proposals are technically competent
• the funds need to be invested urgently to respond to government priorities, to take advantage of a unique situation or to respond to unforeseen circumstances
• available funds are less than $2.5 million per annum (GST inclusive).

In a closed tender investment process, invitations to tender are issued to a pre-determined list of organisations. There must be at least two organisations.

There will be limited use of closed tenders. Closed tenders are a one-off process and not used repeatedly for the same work.