Procurement reforms could help commercial property
Procurement processes can often act as a barrier to businesses achieving their full potential, so ...
Procurement processes can often act as a barrier to businesses achieving their full potential, so new measures unveiled by the Northern Territory government will be welcomed by many.
By slashing red tape, minister for business Delia Lawrie hopes that it will become easier to support businesses in the state - potentially making commercial property in the area more attractive.
"To see even more local companies win government work we will lift the preference for local content to 20 per cent of the total tender weighting and for the first time publish a specific price weighting in tenders," she explained.
It will not only be large corporations that benefit either - small businesses will be able to make the most of a new tender category for work valued between $200,000 and $1 million.
This is far from the only incentive that may encourage property investment in the state at the moment, as in recent days a new taskforce was unveiled to reduce red tape across the area.
Ms Lawrie indicated that the move should help lower bureaucracy and streamline business operations, therefore giving them fewer hurdles to overcome.