4.  OWNER'S VfM STATEMENT

This section should address the following:

•  Provide confirmation the VFM Statement provided to the Proponents is aligned with the approved Business Case. If not, what are the differences and what is the impact of these?

•  Are there any changes between the tender Proposal and the Owner's VfM Statement?

•  The cost impact of changes to the Owner's functional/performance requirements and specifications. Explain how do these represent VfM to the Owner?

The analysis can be summarised as per this table:

Requirements/ elements in the Owner's VfM Statement

Element of Scope of Works in TOC

Reasons for change and how change could be managed

Cost impact of change (operational and/or capital expenditure)

Approved by Owner (Y/N)