(a) Provide details regarding how the alliance applied the governance framework set out in the Owner's VfM Statement. Identify any key differences between the governance framework in the Owner's VfM Statement, and the governance practices that were actually adopted by the alliance.
(b) Provide details regarding the processes that were used by the alliance for exercise of the Owner's reserved powers/discretions, and identify any VfM issues related to:
(i) how the Non-Owner Participants provided relevant information to the Owner;
(ii) the Owner's reliance on professional advice to exercise its reserved powers/discretions; and
(iii) the efficiency of the process (e.g. any adverse impacts on project timelines).
(c) Comment on the role of the governance framework to manage the alliance and in the outcomes achieved by the alliance. Identify positive and neutral performances.