5.1  Evaluation Criterion C1: Management and Commercial Solution

Evaluation Criterion C1

Management and Commercial Solution

The State will evaluate:

The appropriateness of Project Co's management structure, intra-consortium relationships and stakeholder management.

In evaluating this criterion, the key issues that will be considered include:

▪  the approach and effectiveness of Respondents' Management Philosophy Statement;

▪  the corporate organisational structure of Project Co, including:

-  the appropriateness of Project Co's corporate structure;

-  the appropriateness of the organisational structure for each Phase of the Project; and

-  the skills and experience of nominated individuals (with a particular focus on the Key People);

▪  the Respondent's approach to managing intra-consortium relationships during the Development Phase and the Operating Phase;

▪  the level of commitment of Respondent Members to the obligations they are required to undertake for the Project;

▪  the appropriateness and suitability of the equity structure;

▪  the effectiveness of the ownership model of the Equity Investors to ensure the long term success of the Project;

▪  the degree of development of Project Co's contractual arrangements, including completeness and level of certainty; and

▪  the appropriateness and sustainability of the intended risk allocation between Project Co, the D&C Contractor, the Services Contractor (and other parties as appropriate).

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