In a recent development, the Government of Canada has released a new guide for managers procuring professional services. This new guideline was issued on 5th of October by the Treasury Board of Canada to regulate the procurement and use of contracted professional services, including management consulting.
This comprehensive update is a response to the recent controversy surrounding the high quantum of overall spending on outsourcing. Furthermore, through the Budget 2023, there is a proposal to reduce the spending on such services by 15%. This measure aims to address the growing concern about cost management and quality of professional services procured by federal departments and agencies.
The Treasury Board of Canada’s move to publish these guidelines brings this matter to the forefront and is expected to pave the way for more controlled budgetary spending on outsourced services. By structuring procurement processes and setting expectations on the use of outsourced services, the guidelines seek to ensure cost-effectiveness, transparency, and a balanced financial outlook for the government.
The initiative reflects the Canadian government’s commitment to monitoring and regulating procurement processes and spending on professional services appropriately.
For a more detailed insight, you can read the guideline here.
Compiled by: Blake, Cassels & Graydon LLP