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In January, the NT Government’s (NTG) new Buy Local Plan was introduced, giving local businesses greater opportunity to tender for and win government work.
The new policy is based on extensive consultation with Territory businesses, industry associations and other stakeholders about procurement policy and practice.
Elements of the Buy Local Plan have already been introduced:
Introducing mandatory local involvement in all requests for quote up to $100,000, and introducing the term 'Territory Enterprise' (an enterprise operating in the NT, with a significant permanent presence in the NT and employing NT residents) to support this.
Replacing the existing Local Development Value Adding (LDVA) mechanism in all government quotes and tenders with a Local Content test, which increases the minimum weight of local content and benefits from 20% to 25%.
Other measures in the Buy Local Plan include: amending NTG policies, procedures and practices to strengthen consideration of local benefit factors that occurs at agency planning stage ensuring local content and local benefit provisions included in tender responses are carried through into contract terms for suppliers and are monitored throughout. These changes do not just occur at tender stage, but flow through the full procurement lifecycle, from planning right through to contract execution and delivery.
For contracts estimated to be worth over $5 million, a Local Benefit Advisory Panel (LBAP) comprised of local Territorians has additionally been established, to provide independent advice on Buy Local aspects of tender responses.
To read more please CLICK HERE.