Cooperative procurement enables the use of a procurement contract by more than one entity. This can be achieved through a joint approach to the market and/or when an entity establishes a contract or standing offer that allows other entities to access it (often referred to as 'piggybacking'). Cooperative procurement makes better use of entity resources by reducing the number of administrative processes and sharing the procurement and contract management process workload. For example, efficiencies may be derived from several entities coming together, conducting one procurement process and maintaining one contract in lieu of many. Entities may also be able to leverage better prices and service arrangements where they consolidate their procurement needs. Where appropriate, the possibility of cooperative procurement arrangements should be explored with other entities.33
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33 For further guidance, refer to Department of Finance and Regulation website, <http://www.finance.gov.au/ procurement/>, Cooperative Agency Procurement guide.