Under the Partnerships Victoria Requirements, DTF is required to monitor and advise the Treasurer and the government on significant contract management issues. The Partnerships Victoria Requirements also provide guidance on a number of issues that government parties must consult with DTF about in relation to a Partnerships Victoria project. These are listed in Table 3.1.
To assist DTF monitor Partnerships Victoria projects, members of the contract management team are required to regularly update DTF on contract performance. It is recommended that these reports cover a range of issues which are listed below in Table 3.1. To assist, the suggested structure and content of this report is detailed in Template I.
While the government party is responsible for identifying and managing issues that arise under the project deed, the Partnerships Victoria group within DTF is available to assist the government party respond to issues raised by the contract management team.
Table 3.1: Level of DTF consultation required for contract management issues
| Issues that must be consulted with DTF | Issues recommended to be consulted |
| • Change in control | • Service delivery issues resulting in significant or frequent abatements and/or KPI changes |
| • Financial health | |
| • Material modifications and augmentations | • Management quality |
| • Dispute resolution | • Relationship quality |
| • Risk outlook | |
| • Any other change that requires an update to the financial model | • Benchmarking and/or reviewable services |
| • Any material amendment to the project deed (or other project contracts) impacting the State's risk allocation | • End of term planning |
| • Extensions or delays (including delay to commercial acceptance) (construction phase) | • Intervening events (service delivery phase) |