The 'final adjusted PSC' is the PSC used to make the final evaluation of the bids received, and also excludes the state's estimate of its retained risk.
The final adjusted PSC was $1.016 billion with the NPC of the adjusted bid at financial close in December 2007 at $946 million. The adjusted bid at financial close was under the adjusted PSC, representing a cost saving for the state of $70 million or 6.9 per cent.
The government publicly disclosed the final PSC and the NPC of the winning bid in a project summary of the project in early 2008.2
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2 The RCH project summary can be found on the Partnerships Victoria website at: <http://www.partnerships.vic.gov.au/CA25708500035EB6/WebObj/080228-RCHProjectSummary_FINAL/$File/080228-RCH%20Project%20Summary_FINAL.pdf>.