Australian, State and Territory Governments are committed to improving the infrastructure that is critical to efficient, productive and equitable operations of our economy. Achieving this objective requires efficient procurement processes and careful examination of costs to ensure value for money in infrastructure investments. Governments have cooperated to conclude the first national pilot benchmarking of infrastructure procurement processes and construction costs (as recommended by the 2014 Productivity Commission Inquiry into Public Infrastructure and agreed by the Council on 28 August 2014). This report covers the findings of the initial benchmarking and outlines plans for continued and improved future monitoring of infrastructure procurement performance and construction costs.
The analysis was undertaken by the Bureau of Infrastructure, Transport and Regional Economics (BITRE) for the Infrastructure Working Group of the Transport and Infrastructure Council. The report is also available on the Transport and Infrastructure Council website.
- Infrastructure Benchmarking Report