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ARTICLE · 06 OCTOBER 2014

From Down Under - the Inverted Bid Model - new procurement bidding models for infrastructure projects

Corrs Chambers Westgarth
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At the recent G-20 meeting in Cairns, the OECD mentioned new innovative approaches for financing infrastructure projects.

AustraliaGovernment, Public Sector
Andrew Chew
Andrew Chew
Rommel Harding-Farrenberg
Rommel Harding-Farrenberg
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At the recent G-20 Finance Ministers and Central Banks Governors' meeting in Cairns in September 2014, the OECD made mention of new innovative approaches such as the proposed "Inverted Bid Model", and "asset recycling" that has been adopted in Australia, in the development of new ways of funnelling financing into infrastructure projects.

The OECD is developing a taxonomy outlining the options and instruments available to institutional investors for investing in infrastructure. There is a focus on new forms of investment such as partnerships between banks and institutional investors, risk mitigation mechanisms, and new procurement/bidding models to reduce bid costs.

In Australia, the Inverted Bid Model is an example of an innovative new bidding model that has been specifically designed to support long term equity investors (such as superannuation funds) investing in infrastructure projects. It was developed recently by Industry Super Australia (ISA) in conjunction

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