Tasmania takes action to help local construction industry
The Australian government said that it is committed to helping the building and construction sector to invest, grow and create jobs. The industry employs more than 16,000 people across the state.
“We have listened to the industry, including the Master Builders Association of Tasmania, who asked for a future procurement schedule to be made public so that the sector can plan for upcoming government work,” said Treasurer Peter Gutwein. “This will assist industry improve business participation opportunities in government building projects.”
The value of future procurement listed on the schedule amounts to around $140m.
This helps smaller construction firms to plan for large projects that come up for tender. There’s a lot construction work going on in Tasmania at the moment and plenty more in the pipeline. The publishing of the procurement schedule means that the building and construction sector can plan for these projects and upskill where necessary.
Other Government initiatives, such as the Buy Local Policy, are also helping Tasmanian business access government contracts.
During the past four quarters, the number of Tasmanian companies bidding for government tenders increased from 63.11% to 70.09.
When Tasmanian companies have bid, in 92% of cases contracts have been awarded locally - representing an increase of more than 9% in 12 months. The monetary value contacts awarded to Tasmanian companies has grown by about 30%.