About Us
The NTICN processes around an average of 10,000 enquiries every year, worth an estimated total value $500 million.
There are presently over 3500 Northern Territory based businesses registered on the business capability database which is regularly maintained and updated.
The NTICN promotes local business and industry capability
It helps those wanting to buy goods, services and equipment to find competitive local suppliers. NTICN is linked with the national database, ICN Limited, and other Industry Capability Network offices throughout Australia and New Zealand. This gives Northern Territory businesses access to opportunities in industry, government and major projects. NTICN has extensive capability registers and specialist staff. NTICN is a private company owned jointly by the Chamber of Commerce NT and Master Builders NT and supported by the NT Department of Business and Employment.
Benefits of buying locally
Lower Inventory Costs
Local supply of goods can reduce the necessity to maintain large inventories, reducing finance cost and saving valuable floor space.
Reduced Lead Time
Locally supplied goods and services have the advantage of being immediately available at the point where they are required. Access to skills and expertise:- Installation and backup support can be maintained cost effectively by local service providers, whereas interstate or overseas expertise incurs travel, accommodation and incidental costs as well as downtime.
Less Administration
Freight, customs, product handling, site storage, insurance and so on all add significant administration costs to the process and are often not reflected in the initial purchase price.
Lower WOL Costing
Whole of life (WOL) costings generally favour local suppliers when tender evaluation includes assessment of the cost of supporting equipment and expertise throughout the life cycle.
Lower Inspection Costs
Inspecting overseas purchased goods can be considerably more expensive, particularly if overseas visits are required.
