A revised Market-led Proposals Guideline was released by Treasurer, Tim Pallas on 18 November 2015.
Government will only pursue proposals that offer something genuinely unique, deliver on Government priorities, provide benefits to the community and provide value to Victorians.
The Guideline identifies priority areas where Government welcomes proposals from the private sector and a new opportunity for innovative ideas to be submitted without the need for a full proposal has also been introduced.
The revisions to the Guideline also address recommendations made by the Victorian Auditor-General in August 2015 to improve the Guideline and assessment process.
The Guideline does not apply to the routine procurement of goods and services as covered under Part 7A of the Financial Management Act 1994.
The Guideline will continue to be administered by the Department of Treasury and Finance (DTF).
Market-led Proposals Guideline
A five stage process will guide the assessment of market-led proposals:
Preliminary assessment of ideas and proposals. A private party submitting a market-led proposal for Government consideration and DTF determining whether it complies with information requirements and is appropriate for consideration under the Guideline.
Stage One: Preliminary assessment of ideas and proposals. A private party submitting a market-led proposal for Government consideration and DTF determining whether it complies with information requirements and is appropriate for consideration under the Guideline.
Stage Two: Strategic assessment and recommendation. The Government conducting a strategic assessment of the merits of the proposal to determine whether the proposal should proceed, and if so whether this should be through a competitive tender process or through an exclusive negotiation.
Stage Three: Detailed due diligence, investment case and procurement preparation. The Government agreeing with the proponent either the terms of the exclusive negotiation or the approach to a competitive tender process.
Stage Four: Negotiation and assessment of final offer. The Government conducting an exclusive negotiation or competitive tender process to develop a final offer for Government consideration.
Stage Five: Award contract. The Government awarding the contract.
DTF will conduct a Stage One assessment and confirm the outcome in writing within 30 days. If progressing DTF will advise the proponent of any additional information requirements and confirm disclosure of relevant information.
At any time, interested parties are able to discuss the Guideline requirements and seek further information from DTF officers responsible for administering the Guideline. These discussions can be via phone call or meeting and can be arranged using the email contact details below.
All parties are strongly encouraged to meet with DTF prior to formally submitting a proposal to discuss key requirements under the Guideline.
Parties should review the Guideline prior to submitting a proposal and have regard to the: