Public Private Partnerships Policy and Value for Money Framework
Public Private Partnerships Policy
Projects Queensland has responsibility for ongoing development of Queensland's Public Private Partnerships Policy. This policy applies to the provision of public infrastructure related service delivery that may involve private investment or financing.
Value for Money Framework
The Value for Money Framework is the basis for the implementation of Queensland's Public Private Partnerships Policy and complements the National Public Private Partnership Policy and Guidelines.
It provides a comprehensive set of procedures to evaluate a range of project delivery options for infrastructure and identifies the best value for money outcome for the government and the community.
The framework applies to all infrastructure projects that have been identified under the Project Assurance Framework as a potential public private partnership where the expected whole-of-life project cost will exceed $100 million Net Present Value during the term of the contractual relationship. The framework provides an analysis of projects, focusing on:
- project outputs
- whole-of-life costing
- identification of risks
- allocating risks to the appropriate party to manage.
- Overview (PDF 325 K)
- Value for Money Framework (PDF 670 K)
- Business case development (PDF 1,210 K)
- Contract development and management (PDF 970 K)
- Project resourcing (PDF 160 K)
- Risk management (PDF 670 K)
- Probity and process governance (PDF 345 K)
National Public Private Partnership Guidelines – Queensland jurisdictional departure
In November 2008, the Council of Australia Governments (COAG) endorsed the National Public Private Partnership Policy and Guidelines prepared by Infrastructure Australia. The guidelines provide a clear and consistent framework enabling both sectors to work together more effectively when delivering projects across the nation under a public private partnership model.
Where appropriate, the National Public Private Partnership Policy and Guidelines allow state jurisdictions to have minor departures from the national guidelines to allow for differences in how they are applied. Queensland's jurisdictional departures documents provide guidance on the differences between the National Public Private Partnership Guidelines and Queensland's Public Private Partnerships Policy.