Owners typically engage a variety of advisers to assist with establishing and implementing an alliance. Whilst the fees associated with such engagements can be substantial, there may be even greater implications for the VfM outcomes of the alliance project.
The VfM Report should include information on the VfM outcomes the Owner has achieved as a result of engaging its advisers.
Public officials are equally required to ensure that they optimise the VfM obtained from the engagement of advisers. Just as the capacity and capability of the Owner has a critical impact on the alliance outcomes, the quality of the Owner's informed management of its advisers will also have a critical impact on the quality of the advisory services obtained.
| The track record of advisers: The track record of advisers in successfully: ∙ assisting to empower the Owner; ∙ transferring knowledge; ∙ making available nominated individuals as agreed; ∙ providing its advisory services on time; ∙ prudently managing advisory costs; and ∙ consistently providing industry leading and tailored advice, should be established as the key selection criteria in the Owner's procurement processes. |
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19 This section is based on an unpublished document; Advice to departments/agencies regarding proforma for seeking a request for proposal for consultants on Partnerships Victoria projects, June 2004, Department of Treasury and Finance, Victoria.