Change events are inevitable in long-term contracts. Part 4 (Chapters 12-17) of the Partnerships Victoria Contract management guide details most of the common change events that will arise from matters such as: State-initiated modifications; reviewable services; refinancing; change of ownership/control; and end of term arrangements. Some change events are scheduled to occur at specific times in the project agreement. Other change events will occur in an ad hoc manner during the term of the project agreement. All of these change events will have a range of outcomes that need to be understood and documented by the government party. Many will have financial implications, including for the periodic service payments. All change events should be recorded by the contract management team in a systematic and easily retrievable form. The contract administration manual should outline arrangements for the recording of change events.