At the end of the binding bid stage, a joint agency/the Department of Infrastructure and Planning/Treasury submission will be presented to Cabinet through Cabinet Budget Review Committee. Cabinet should be provided with a project summary based on the preferred proponent's bid, including an analysis of how value for money is expected to be achieved by entering into the partnership.
The Cabinet submission should:
∙ if the public private partnership alternative is expected to deliver the best value for money outcome, seek approval:
- to award preferred proponent status
- to finalise project agreements within agreed parameters and proceed to financial close
- for the Portfolio Minister to execute the final project agreements in consultation with the Premier and the Treasurer.
∙ government may reserve the right to revert to another proponent(s) if the project agreements cannot be finalised to the government's satisfaction with the preferred proponent within a specified reasonable timeframe or
∙ if the public private partnership alternative is not expected to deliver the best value for money outcome, seek approval to proceed with development of the reference project.