The Local Jobs First - Victorian Industry Participation Policy (VIPP) seeks to maximise opportunities for Australian, New Zealand and Victorian suppliers (Local Suppliers) to compete for government business on the basis of best value for money over the life of the goods or services. The VIPP is implemented by Victorian Government departments and agencies to help drive local industry development.
The VIPP applies to Government procurement activities, construction activities, major projects, major events, Public Private Partnerships and investment support, business development and community infrastructure grants above the threshold values of $3 million or more in Metropolitan Melbourne and $1 million or more in Regional Victoria
The VIPP also applies to Strategic Projects. Strategic Projects are projects with a total project value of $50 million or more, excluding maintenance and operational costs. [Insert project title] has been declared a Strategic Project for the purposes of the VIPP.
Strategic Projects are subject to mandated minimum local content requirements and other conditions to help drive additional economic activity and jobs.