NT Newsletter – February 2023

article image



With 2023 now well underway, anecdotally, it appears that a lot of Territory businesses are reasonably busy, and things seem to be off to a good start for our first ‘post-COVID’ year.

Objectively, the data we see through our office supports this. In the first half of this fiscal year, ICN NT consulted on 3,217 work packages totalling $2.2B, surpassing last fiscal year’s three-year high of $2.15B, in half the time.

We are hopeful that this theme continues as we observe a steady flow of private and public sector projects publishing their opportunities to the market. If anything, the conversation has begun shifting from capability to capacity. Most significant procurement activities are now seriously considering contractor availability in their planning.

One of the key spaces to watch over the next few months will be the Northern Territory Government’s final implementations of Justice Pepper’s Scientific Inquiry into Hydraulic Fracturing. Which, by all accounts, should see the onshore gas industry being able to progress past exploration this year. Only time will tell what that really means for the ‘bigger picture’ of the Territory’s economy. But at a minimum, we know that the industry will require a significant amount of regional infrastructure and workforce.

Daniel McCormick
General Manager

Continue Reading


gateway arrow image
gateway arrow image


Use our powerful networking database to find your next project (big and small), or source the best suppliers across Australia and New Zealand.



Opportunities and insight delivered straight to your inbox. The latest procurement and supply chain news, events and projects in Australia and New Zealand. Just tell us your email address.


Phone 1300 961 139 (within Australia)
Phone +61 2 6285 2033 (outside Australia)
Email helpdesk@icn.org.au