4.1.3  Technical notes

•  the original June 2001 technical note, the Public Sector Comparator, provides detailed guidance on the construction and application of the Public Sector Comparator (PSC), which is essentially the government's financial benchmark for the project.

•  the Public Sector Comparator, Supplementary Technical Note was developed in July 2003 and builds on the initial Public Sector Comparator (PSC) Technical Note described above. It provides additional practical guidance in the form of 'lessons learned' and a detailed hypothetical example on constructing a PSC.

•  the Use of Discount Rates in the Partnerships Victoria Process document was prepared in July 2003 and provides specific guidance on calculating and using discount rates in undertaking discount cash flow analysis for the purposes of constructing a PSC and evaluating bids.