Collaborating For Cost Savings Achieving cost savings has been the foundation of Collaboration since its inception in 2013. Thinking outside the box, executive government organizations and the Crown sector have worked together to find innovative ways to cut costs and achieve strong financial management.
The 2022-23 Collaboration cost savings were $53.1 million.
The following table breaks down cost savings by the top five cost-saving initiatives with the remainder of cost-saving initiatives broken down into two themes: procurement and operational.
2022-23 Collaboration Cost Savings by Initiative and Theme
2022-23 Collaboration Cost Savings
Forecast 2023-24
Forecast 2024-25
Forecast 2025-26
Forecast 2026-27
Forecast 2027-28
Initiative or Common Theme
Line Locating
$16,406,231 $15,738,000 $16,738,000 $17,638,000 $18,338,000 $19,138,000
Natural Gas Optimization $8,972,410 $800,000 $200,000 $200,000 $200,000 $200,000
Joint Infrastructure
$8,441,600 $4,725,406 $3,697,134 $2,767,800 $1,980,000 $1,980,000
Fibre Sharing
$3,800,000 $1,000,000 $-
$-
$-
$-
Pole Sharing
$3,284,400 $3,692,400 $3,685,600 $-
$-
$-
Procurement
$8,000,652 $6,649,787 $6,634,865 $6,797,393 $7,043,420 $6,852,076
Operational
$4,175,317 $3,913,685 $3,814,994 $3,918,398 $3,861,915 $3,862,656
Total
$53,080,610 $36,519,278 $34,770,594 $31,321,591 $31,423,335 $32,032,732
Aspirational Stretch
N/A
$13,480,722 $15,229,406 $18,678,409 $18,576,665 $17,967,268
Target
$55,000,000 $50,000,000 $50,000,000 $50,000,000 $50,000,000 $50,000,000
$440 MILLION in cost savings since 2013.
2
Made with FlippingBook Ebook Creator