Both nations are struggling with similar challenges, but pipeline visibility, procurement and culture stand out as central themes, Helen says.
Pipeline uncertainty affects both markets for different reasons. In Australia, outcomes of the Infrastructure Investment Program Strategic Review have dampened confidence. In New Zealand, the 2023 change of government shifted priorities and slowed the market.
“We know there is a huge amount of work ahead for both nations, and strong businesses and workforces will be critical to delivery. We need to iron out uncertainties so businesses can plan for the future” Helen notes.
New Zealand Prime Minister Christopher Luxon was also in Sydney this month, paying a visit to Beca's Sydney office to discuss trans-Tasman collaboration. Beca, with 4,300 employees in Australia, New Zealand and the Pacific, hosted the Prime Minister, who emphasised the collaborative opportunities across the energy, water and defence sectors.
“Prime Minister Luxon was clear about the need for a bipartisan approach to infrastructure planning, which we welcome,” Helen notes.
Rising costs of professional indemnity insurance are also common ground. “We must take a healthy market perspective. It’s not healthy when smaller players can’t compete.”
One key area of divergence is procurement. While both nations can better leverage procurement for greater efficiency, productivity and sustainability, New Zealand offers valuable lessons for Australia.
“Australia operates in a much more litigious environment than us, which serves as a reminder of the importance of our work to sustain the use of standard form contracts and collaborative and non-defensive environments. We have commitments from government to use standard contracts and we hold agencies to that.”