Additionally, schools must be handed over to DET in a pre-determined condition at the end of the contract. The contracts provide for a retention account to fund any shortfall. Several years prior to the end of the contract, DET may arrange an independent survey of the school facilities to:
■ assess whether the facilities have been and are being maintained as required under the contract
■ determine the amount of money that will need to be spent or reserved, during the rest of the contractor's operating term to ensure there will be no life cycle failure or expiry, during the six years following the end of the operating term.