Overview of Victorian Policy & Guidelines
Overview
The Overview sets out the Partnerships Victoria framework and the key features of each of the three initial detailed guidance material documents.
Summary Diagram
This document shows the historical development of the policy and guidance material and outlines the current status. The colour diagram depicts the cross references and links to the Lifecylce Guidance Material.
Victorian Policies
Partnerships Victoria Policy
The policy statement (2000) outlines the scope, objectives and principles of Partnerships Victoria. It addresses at a high-level issues such as core services, public interest, risk allocation and value for money.
Contract Management Policy
The policy statement (2003) outlines the components of the Contract Management Framework and sets out the accountabilities and responsibilities for contract management in Partnerships Victoria projects.
NMU Water Authority Approval Process for Partnerships Victoria Projects
The policy statement (2001) outlines the streamlined process for a Non-Metropolitan Urban Water Authority when pursuing water and wastewater projects under the Partnerships Victoria policy.
Public Disclosure Policy
The policy statement (2007) outlines public disclosure requirements for Partnerships Victoria projects.
Victorian Guidelines
The documents listed below cascade from the comprehensive guidelines to advisory notes on smaller scale specific issues.
Practitioners Guide
The Practitioners’ Guide (June 2001) addresses the what, why and how questions in relation to Partnerships Victoria projects and sets out the approach to key commercial issues (eg. payment structures and bid evaluation) and public process issues (e.g. public interest test, probity, and disclosure).
Risk Allocation and Contractual Issues
This guide (June 2001) outlines the background methodology for risk allocation, describes major types of project risks and contractual issues and sets out the government-preferred approach for each. Also see the Updated Standard Commercial Principles published in 2008 (see below).
Contract Management Guide
This document (June 2003) provides guidance on contract management issues throughout the lifecyle of a Partnerships Victoria project.
Updated Standard Commercial Principles April 2008
The Updated Standard Commercial Principles (April 2008) details the current considered position of the State in relation to Partnerships Victoria risk allocation.
Victorian Technical Notes
Public Sector Comparator
This original technical note (June 2001) provides detailed guidance on the construction and application of the Public Sector Comparator (PSC), which is essentially the government’s financial benchmark for the project. Also see Supplementary Note below.
Public Sector Comparator Supplementary Technical Note
This document (July 2003) builds on the initial Public Sector Comparator (PSC) Technical Note released in June 2001. It provides additional practical guidance in the form of ‘lessons learnt’ and a detailed hypothetical worked example on constructing a PSC.
Use of Discount Rates in the Partnerships Victoria Process
This document (July 2003) provides specific guidance on calculating and using discount rates in undertaking discount cash flow analysis for the purposes of constructing a Public Sector Comparator (PSC) and evaluating bids.
Victorian Advisory Notes
Determining the Inflation Rate
This note (August 2005) recommends that the inflation rate used in Partnerships Victoria project financial modelling will continue to be sourced from the State Budget papers.
Managing Interest Rate Risk
This note (August 2005) outlines for practitioners the principles of managing interest rate risk up until financial close for a project.
Disclosure and Management of conflict of interest
This note (October 2005) provides guiding principles and tools for practitioners to manage diverse conflicts of interest that may emerge in engaging advisers for Partnerships Victoria projects
Interactive Tender Process
This note (October 2005) provides an overview of recent experience with the interactive tender process used in some Partnerships Victoria projects
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