It is a government requirement that the Owner prepares a VfM Statement that includes project deliverables to be achieved by the alliance and the success criteria by which the alliance will be ultimately judged (additional details are provided in Guidance Note No 4: Reporting VfM Outcomes in Alliancing Contracting). The alliance's scope of works and the risk that it takes is addressed in the Owner's VfM Statement. The TOC must be consistent with the Owner's VfM Statement.