10.2 Evaluation Criteria

Guidance note: The Evaluation Criteria and Evaluation Sub-Criteria set out below are a guide only and should be updated to reflect Project-specific requirements. Procuring Agencies should ensure that the Evaluation Criteria and Evaluation Sub-Criteria closely align with the EOI Returnables.

It is also recommended that Procuring Agencies assign priorities to the Evaluation Criteria using a three star-priority rating which is disclosed to Respondents in the Invitation for Expressions of Interest.

The State will undertake a qualitative evaluation of each submitted EOI to determine the Shortlisted Respondents using the Evaluation Criteria presented in Table 7 (Evaluation Criteria) below.

Table 7: Evaluation Criteria

Evaluation Criteria / Sub-Criteria		Priority1
Criterion 1: Demonstrated experience and capability to deliver the Project		[##-star]
Sub-Criterion 1A	Joint Capability and Experience Experience and demonstrated ability of Respondent Members to jointly develop a suitable organisational and management structure and demonstrated capability to successfully perform and support all aspects of the Project, across the Tender, Development and Operating Phases.
Sub-Criterion 1B	Project Delivery Capability and Experience Experience and demonstrated ability of Respondent Members to [insert description of project delivery activities, including design and construction activities, and a description of the Project asset(s)]
Sub-Criterion 1C	Project Services Capability and Experience Experience and demonstrated ability of Respondent Members to [insert description of the Project Services to be delivered by Project Co]
Sub-Criterion 1D	Project Financing Capability and Experience Experience and demonstrated ability of Respondent Members to effectively raise finance for projects of a similar risk profile.
Criterion 2: Proposed approach		[###-star]
Sub-Criterion 2A	Project Co. Equity and Governance Strategy The proposed organisational and management structure and capability to successfully perform and support all aspects of the Project across the Tender, Development and Operating Phases.
Sub-Criterion 2B	Project Delivery Strategy The proposed approach to [insert description of project delivery activities, including design and construction activities, and a description of the Project asset(s)]
Sub-Criterion 2C	Project Services Strategy The proposed approach to [insert description of the Project Services to be delivered by Project Co]
Sub-Criterion 2D	Project Financing Strategy The proposed approach to securing debt and equity, including driving cost efficiencies through innovative financing solutions.
Criterion 3: Understanding of Key Project Issues and Proposed Approach		[###-star]
Sub-Criterion 3A	[name of Key Project Issue] Understanding of and approach to addressing Key Project Issue Number 1 [insert name of Key Project Issue]
Sub-Criterion 3B	[name of Key Project Issue] Understanding of and approach to addressing Key Project Issue Number 2 [insert name of Key Project Issue]
Sub-Criterion 3C	[name of Key Project Issue] Understanding of and approach to addressing Key Project Issue Number 3 [insert name of Key Project Issue]
Sub-Criterion 3#	[Insert additional Sub-Criteria if required]
Criterion 4: Financing and Commercial Structure		[###-star]
Sub-Criterion 4A	Commitment The level of commitment of all Respondent Members to the Project.
Sub-Criterion 4B	Financial Capacity and Commercial Arrangements The financial capacity of Respondent Members to sustain their proposed obligations (including the effectiveness of the proposed security arrangements).
Sub-Criterion 4C	Risk Allocation Understanding and acceptance of the State's Risk Allocation Summary.
1. Definition of Priorities: Three-star Priority: Evaluation Criteria assigned a three-star priority are those that are relatively of higher importance than two-star and one-star Evaluation Criteria; Two-star Priority: Evaluation Criteria assigned a two-star priority are relatively more important than one-star Evaluation Criteria but of relatively lower importance than three-star Evaluation Criteria; and One-star Priority: Evaluation Criteria assigned a one-star priority are those that are relatively of lower importance than three-star and two-star Evaluation Criteria. The assignment of priorities to Evaluation Criteria are intended to provide guidance to Respondents in relation to the relative importance of each Evaluation Criteria to the State to assist in the preparation of EOIs. Respondents are to note that the priority framework is not intended to be rigid or imply a set relativity between priority allocations.