Before seeking Cabinet approval to begin contract negotiations with one or more Proponents, the Responsible Agency, in consultation with NSW Treasury, must complete the following tables in Appendix 2:
• Table 3: Financial Impact Statement Table for approval to appoint Preferred Bidder; and
• Table 4: PPP Negotiation Parameters.
Any departures from the Commercial Principles underpinning the RFP documentation and prior Cabinet approvals are required to be explained.
Responsible Agencies should contact NSW Treasury for a template Negotiation Plan.
When seeking Cabinet approval, the terms and conditions submitted to Cabinet must outline the scope of the project and areas for final negotiations, as well as any conditions that must be satisfied for the Government to support the project. Cabinet may delegate certain approvals to the Minister of the Responsible Agency and/or the Treasurer (at Cabinet's discretion).
During this time, Responsible Agencies should commence the GSF Act approval process to ensure ample time is available for consultation and approval. Responsible Agencies should contact NSW Treasury for templates for the Minister's recommendation letter (if required) and Treasurer's approval letters and approval instruments.