A new framework for traditional contracting in infrastructure procurement – exposure drafts released

On 29 April 2013, the Victorian Department of Treasury and Finance released Exposure Drafts of the National Framework for Traditional Contracting of Infrastructure (National Framework). The National Framework is designed to be a best practice resource to assist governments in developing policy and guidelines for infrastructure contracting.

The National Framework is made up of five documents, including four topic-specific guides:

• Good Practice and Commercial Principles for Traditional Contracting
• Topic Specific Guide 1: Project Definition and Tendering
• Topic Specific Guide 2: Development of Project Budgets in Business Cases
• Topic Specific Guide 3: Governance and Contract Management, and