7.  National commercial principles

The national commercial principles (NCP) provide a consistent and efficient risk allocation framework, while recognising the need for flexibility for individual project needs. Annexures One and Two outline the Victorian-specific requirements that derive from the NCP. These annexures will be updated from time to time to incorporate project lessons.

Any deviation from the NCP and the Victorian requirements in Annexures One and Two for sector or project-specific issues must be documented and agreed with DTF when:

•  government approval is sought to issue the Request for Proposal (which contains the contract documentation) if the deviation is proposed by the Procuring Agency; or

•  government approval is sought for the appointment of a preferred bidder or execution of contract, if the deviation is proposed by a bidder.