We conclude that the procurement process used for the development complied with the required Victorian Government Purchasing Board1 and PV policy and guidance.
We also conclude that there were no material scope changes to the core project, and that interactive bidding and structured negotiations assisted in refining the proponents' bids. The post-tender project scope change (agreement in principle to integrate the old South Wharf, docks and cargo sheds into the project precinct) has not had any material impact on the tender put to market, and a fair tender process was maintained.
We further conclude that risk allocations in the contract are consistent with the allocations recommended in PV guidance, and that the contract for the facility protects the State's commercial and residual interests.
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