In developing contractual relationships with the private sector to deliver these policy objectives, the following principles underpin the government's approach:
- Performance measures should be established to ensure that the quality of the services delivered meets the needs of the community and that the project outcomes are transparent
- Projects should focus on the output specification (the end result) rather than the input specification (the means of delivery)
- Projects to be delivered under the policy framework must have government approval, prior to the formal involvement of the private sector
- The allocation of risk and the commercial framework of the contractual relationship model utilised should be capable of delivering the best value for money outcome for Queensland
- Private sector participation is to be subject to a competitive tendering process, consistent with the principles of the government's State Purchasing Policy
- The principles of transparency and accountability for process and outcomes must be observed, with full recognition of the requirement to protect private sector intellectual, capital and commercial confidentiality where appropriate
- The conduct of the public sector should always be such that confidence in the probity regime is implemented and maintained at all times
- Where possible standardised approaches should be used to minimise transaction cost and time
- Where appropriate, incentives for all parties should be considered to encourage a high level of performance.