4.2.  Expression of Interest Phase

Consistent with the National Guidelines, the EOI phase is the first step of the formal bidding process. The purpose of the EOI phase is to allow government to shortlist the number of private parties that are required to submit detailed proposals and ensure that the transaction costs to all bidders are minimised. Consistent with Table 3.2, NSW specific documentation is required to be updated and the Auditor General should be advised of the expected contractual arrangement and accounting treatment for the PPP project, prior to commencing the RFP tender phase.