To determine the adequacy of the value for money assessment provided by private bidders, criteria were derived from the following Partnerships Victoria guidance:
• Partnerships Victoria Guidance Material Practitioners' Guide
• Partnerships Victoria Public Sector Comparator Technical Note and Supplementary Technical Note
• Partnerships Victoria Risk Allocation and Contractual Issues Guide.1
• Partnerships Victoria Contract Management Guide.
The Victorian Government Purchasing Board (VGPB) Probity Policy was also used to assess the probity process used to monitor the procurement process.
So that an adequate assessment of the value for money provided by private sector bids could be completed the audit posed the following key questions:
• Were effective tools developed to help assess value for money?
• Did the procurement process follow the rules and guidelines?