THE NSW Government last week said a streamlined process for engaging with private sector bidders on major Public Private Partnerships (PPPs) will enable it to find more innovative solutions to meet the state's infrastructure and service needs at the best value to taxpayers.
The changes form part of the NSW Government's revised NSW Public Private Partnership Guidelines 2017, which focus on reducing bid costs for industry and providing more scope for innovation in PPP proposals.
Treasurer Dominic Perrottet said the updated guidelines reflect extensive industry consultation and would encourage more bidders to make higher quality bids on PPPs, resulting in even better infrastructure and services for the people of NSW.
"As a government we are totally focused on finding the best possible solutions to meet our state's needs – that means delivering the highest quality services and infrastructure at the best value to taxpayers," Mr Perrottet said.
"For projects where we are partnering with the private sector, we want the very best of industry coming to us with their brightest solutions, and these revised guidelines will make it even easier for that to happen.
"These changes ensure we are not shutting out potentially game-changing proposals for infrastructure and service delivery simply because the bidding process is too costly, prescriptive or inconsistent."
The new guidelines provide:
- Greater clarity about the information and materials the government requires at each stage of a PPP bidding process;
- Improved consistency in the processes used across different government agencies, including the development of a PPP Toolbox, with a suite of template documents that all government agencies will be required to use; and
- A greater emphasis on the outcomes the government requires from the project, allowing greater scope for innovation in proposing how the outcomes are achieved.
The revised guidelines are effective immediately. More information is available from the NSW Treasury website at <https://www.treasury.nsw.gov.au/projects-initiatives/public-private-partnerships>.