Whats next for market-led proposals In Australia?

As interest in market-led proposals gains momentum across Australia, governments face some key challenges in ensuring their market-led proposal policies:

• are accountable and transparent; and
• ensure successful proposals deliver clear value for money for taxpayers (despite potentially not being value tested through a competitive tender process).

However, equally challenging for governments, is balancing the need to ensure these criteria are met – including delivering quantifiable value for money for taxpayers – against encouraging innovative ideas and private sector involvement in major projects by ensuring good proposals are brought to life under the policies.

Some governments have been criticised for not bringing enough proposals to completion. Others have implemented policies which limit the types of proposals which may be submitted by the market. Across Australia, there are variations in the criteria which need to be met, and, the stages applicable, to a