PROCESSES
Question 14-What are the main differences (and similarities) between a P3 and a conventional procurement in your jurisdiction (or in your experience)? Please discuss contract length and risk allocation between the parties. Please provide examples and stipulate what you mean by a conventional procurement for goods or services (e.g., an engineering procurement construction management contract).
Question 15-P3 contracts in recent years have been subject to a value for money (VfM) test to ensure that the public sector can reasonably expect to achieve savings relative to a conventional procurement of the same assets and services. If you are familiar with the methodology for these VfM tests in your jurisdiction, are these tests carried out in a rigorous manner and based on conservative assumptions? Are conventional procurements in your jurisdiction subject to any similar tests (i.e., must they demonstrate value for money relative to other procurement options)?
Question 16-Are P3s subject to any other tests or requirements that are not typically imposed on conventional procurements? Are P3s exempt from any requirements that prevail under conventional procurements?
Question 17-Transparency of process-bid phase What information is made available to the public (and what remains confidential) during the competitive phase of a P3 procurement, from expressions of interest through to financial close? How does this differ relative to conventional procurements?
Question 18-Transparency of process-construction and operational phases What information is made available to the public (and what remains confidential) during the construction and operational phases of a P3 procurement? How does this differ relative to conventional procurements?