ITFC helps governments and businesses meet procurement targets by seamlessly
connecting them with qualified Indigenous suppliers.

Governments and businesses play a crucial role in fostering economic opportunities for
Indigenous communities. By implementing and adhering to Indigenous procurement
policies, they can drive significant socio-economic growth and support the sustainable
development of Indigenous economies. However, this isn’t happening at an optimal rate.

Consider a government department tasked with rebuilding critical infrastructure in a
region with a significant Indigenous population. The project is ideally suited for an
Indigenous construction company, but due to an outdated or incomplete supplier list, the
contracting authority struggles to find a qualified Indigenous business to take on the
project. This oversight not only delays the project, but also fails to meet mandated
Indigenous procurement targets.

The Potential of Indigenous Procurement Policies

The Procurement Strategy for Indigenous Business (PSIB) includes both mandatory and
voluntary set-asides to increase federal procurement opportunities for Indigenous
businesses. However, with only 1% of federal spending currently going to these businesses,
there is a long way to go to achieve the government’s 5% spend target.

ITFC’s Solution for Effective Policy Implementation

ITFC’s platform addresses the core issue: the contracting authority’s inability to identify
Indigenous business capacities. Through a customized dashboard, contracting authorities
can access a vast database of Indigenous businesses, ensuring they can meet and
potentially exceed the 5% procurement goal. This initiative not only facilitates the
implementation of procurement policies but also encourages voluntary set-asides, thereby
expanding opportunities for Indigenous businesses.

Using ITFC’s platform, the government department can now quickly and efficiently identify
Indigenous businesses with the required capabilities, ensuring timely project completion
and adherence to procurement policies, avoiding the pitfalls of non-compliance and
fostering economic growth.

Extreme Buying Power

For Indigenous procurement policies to be effective, both the government and non-
Indigenous businesses must recognize and act upon the buying power of Indigenous
communities. ITFC’s innovative platform offers a practical solution to bridge the gap and
promote inclusive economic growth.

So don’t miss out on achieving key economic and social goals. Partner with ITFC now to
ensure you meet and exceed your procurement targets while driving inclusive economic
growth!