Queensland's public private partnership policy-Achieving Value for Money in Public Infrastructure and Service Delivery was launched in September 2001. This policy is a key strategic initiative that supports the Queensland Government's central economic objective of achieving high and sustainable levels of economic growth and employment by providing efficient and effective services and infrastructure. The objectives of this policy are to:
• deliver improved services and better value for money through appropriate risk sharing between public and private sector parties
• encourage private sector innovation
• optimise asset utilisation
• integrate whole of life management of public infrastructure.
This document is part of a suite of guidance material issued and developed by the Department of Infrastructure and Planning. The material provides practical guidance on key technical issues that arise from the development and implementation of public private partnerships in Queensland.
The guidance material issued by the Department of Infrastructure and Planning comprises an overview document, the framework document and a range of supporting documents that each provide further detail on specific aspects of the public private partnership process. These include:
• Risk management
• Project resourcing
• Probity and process governance
• Business case development
• Contract development and management.
This document should be read in conjunction with the other guidance material, as relevant information in the other documents is not duplicated here.
Part one of this document discusses some of the key points related to contract development and the appropriate contractual mechanisms that are necessary in undertaking a public private partnership project.
Part two discusses the contract management phase. It covers the requirements for successful ongoing management, outlines the role of the contract manager,the partnership relationship and the requirements for maintaining the integrity of the contract.