Recommendation 16: | The Victorian Auditor-General periodically undertake performance audits of all major public private partnership projects to determine whether value for money is being maintained over the life of a project. | ||
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Recommendation 17: | The value for money tools used for Partnerships Victoria assessment be revised to include: (a) benchmarked comparisons where these are possible; (b) a full range of alternative funding options (including public sector funding through the budget); (c) an indication of the accuracy of the public sector comparator; (d) a precise definition of the traditional public sector alternative option under consideration; and (e) a publicly available explanation of how the public sector comparator is used to compare tender bids. | ||
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Recommendation 18: | An independent assessment be made of the relative cost performance, efficiency and timeliness of all privately funded projects, similar to the Mott MacDonald (United Kingdom) report. | ||
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Recommendation 19: | The Victorian Government make representations to the National PPP Council to arrange for an independent study into the size, structure and competitiveness of the Australian public private partnership market to determine the degree to which its diversity is sufficient to be fully competitive. | ||
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