What does IT MAGNET PTY LTD do for the Australian Government?
IT MAGNET PTY LTD is an Australian Government contractor with 12 contracts worth $1.3M since 2020. Their largest government client is Department of Defence, and their average contract value is $106K. Recent government contracting activity has declined.
Key Metrics
How much does IT MAGNET PTY LTD win in government contracts each year?
View data table
| Year | Contracts | Value |
|---|---|---|
| 2020 | 1 | $193K |
| 2021 | 1 | $128K |
| 2022 | 3 | $102K |
| 2023 | 5 | $144K |
| 2024 | 2 | $710K |
| 2026 | 1 | $173K |
Who are IT MAGNET PTY LTD's biggest government clients?
| Agency | Contracts | Value | Share |
|---|---|---|---|
| Department of Defence | 10 | $742K | 58.1% |
| Australian Public Service Commission | 1 | $506K | 39.6% |
| Department of Industry, Science and Resources | 1 | $28K | 2.2% |
What categories does IT MAGNET PTY LTD supply to government?
| Category | Contracts | Value | Share |
|---|---|---|---|
| 8111-computer-programming-and-it-services | 7 | $1.2M | 92.7% |
| 8110-professional-engineering-services | 1 | $28K | 2.2% |
| 4321-computer-hardware-and-accessories | 1 | $22K | 1.7% |
| 8010-management-advisory-services | 1 | $15K | 1.1% |
| 4323-software | 1 | $15K | 1.1% |
| 2511-commercial-and-military-vehicles | 1 | $15K | 1.1% |
How does IT MAGNET PTY LTD win government contracts?
| Method | Contracts | Value | Share |
|---|---|---|---|
| open | 4 | $939K | 30.8% |
| limited | 9 | $511K | 69.2% |
Which IT MAGNET PTY LTD government contracts are expiring soon?
IT MAGNET PTY LTD has 2 contracts worth $710K expiring in the next 12 months. These represent potential recompete opportunities for competing suppliers.
| Contract | Agency | Value | Expires |
|---|---|---|---|
| 2024-2565 - Career pathfinder - Phase 6 | Australian Public Service Commission | $506K | |
| Internet Services | Department of Defence | $204K | |
| IT Services | Department of Finance | $173K |
What are IT MAGNET PTY LTD's largest government contracts?
| Contract | Agency | Value | Awarded |
|---|---|---|---|
| 2024-2565 - Career pathfinder - Phase 6 | Australian Public Service Commission | $506K | |
| Internet Services | Department of Defence | $204K | |
| Client Management System | Department of Defence | $193K | |
| IT Services | Department of Finance | $173K | |
| Redevelopment of Website | Department of Defence | $128K |
What are IT MAGNET PTY LTD's most recent government contracts?
| Contract | Agency | Value | Date |
|---|---|---|---|
| IT Services | Department of Finance | $173K | |
| 2024-2565 - Career pathfinder - Phase 6 | Australian Public Service Commission | $506K | |
| Internet Services | Department of Defence | $204K | |
| Computer Support Services | Department of Defence | $55K | |
| Computer Services | Department of Defence | $31K | |
| Software | Department of Defence | $15K | |
| Professional Advice on functionality and technical accuracy | Department of Industry, Science and Resources | $28K | |
| Software support | Department of Defence | $15K | |
| Systems Management Services | Department of Defence | $15K | |
| Software Maintenance and Support | Department of Defence | $66K |
Is IT MAGNET PTY LTD's government business growing or declining?
Significant decline — contract value dropped 100% year-over-year.
Based on comparison of last 12 months vs prior 12 months of awarded contract value.
Who competes with IT MAGNET PTY LTD for government contracts?
Other suppliers winning contracts from the same agencies in similar categories.
| Supplier | Contracts | Value |
|---|---|---|
| FORTBURN PTY LTD | 202 | $4.98B |
| LEIDOS AUSTRALIA PTY LIMITED | 584 | $3.25B |
| BOEING DEFENCE AUSTRALIA LTD | 217 | $2.41B |
| LOCKHEED MARTIN AUSTRALIA PTY LTD | 249 | $2.00B |
| BAE SYSTEMS AUSTRALIA LIMITED | 684 | $1.76B |
| THALES AUSTRALIA LIMITED | 567 | $1.67B |
| COBS TELSTRA | 1,178 | $1.66B |
| KELLOGG BROWN & ROOT PTY LTD | 229 | $1.64B |
| TELSTRA SECURE BILLING | 773 | $1.52B |
| NOVA SYSTEMS AUSTRALIA PTY LTD | 89 | $1.38B |
What size contracts does IT MAGNET PTY LTD typically win?
| Size Range | Contracts | Total Value |
|---|---|---|
| $10K-$50K | 6 | $125K |
| $50K-$100K | 2 | $121K |
| $100K-$500K | 4 | $698K |
| $500K-$1M | 1 | $506K |
What is IT MAGNET PTY LTD's registered business information?
- Australian Business Number (ABN)
- 71101960427
- Registered Name
- IT MAGNET PTY LTD
- Government Contracting Period
- 2020 – 2024
Verify entity details on the Australian Business Register.
Registered Business Details
- Entity Type
- Australian Private Company
- ASIC Company Type
- Proprietary Limited
- ABN Status
- Active
- GST
- Registered
- ACN
- 101960427
- ABN
- 71101960427 verify ↗
- State
- NSW
- Postcode
- 2015
- Incorporated
- 6 September 2002 (23 years ago)
Source: Australian Business Register (ABR) + ASIC Companies Register. View on ABN Lookup ↗
Procurement Categories
UNSPSC categories where IT MAGNET PTY LTD is active.
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