10.  Public sector comparator requirements

In Queensland, the PSC is initially developed in the preliminary evaluation stage and is refined further in the business case stage. The PSC is also updated prior to and during the RFP phase.

In Queensland, the raw (non risk adjusted) PSC will be released to short-listed bidders with the other bid documents unless there are exceptional circumstances where the release will materially compromise the State's negotiating position. (see the Queensland PPP guideline Value for Money Framework, Section 3.2.11).

Prior to the national PPP guidelines, Queensland required the detailed calculation of a Partnership Model to quantify the additional financing costs that must be offset by efficiency savings. In place of the detailed Partnership Model, Queensland will use an abridged version that-at a minimum-models the expected financial risks and benefits from a PPP solution. Supplementary guidance on the application of an Abridged Partnership Model is available on www.dip.qld.gov.au.