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Roads and Maritime Services / Commercialisation of Sydney Coordinated Adaptive Traffic System : Commercial and Financial Advisor - RMS-10026501

RFT ID RMS-10026501
RFT Type Request for Proposals
Published 9-Dec-2019
Closes 14-Feb-2020 2:30pm
Category (based on UNSPSC)
80101603 - Economic or financial evaluation of projects
Agency Roads and Maritime Services


Contact Person
Jason Hendricks
Phone: -
jason.hendricks@rms.nsw.gov.au

Tender Details

Transport for NSW is seeking proposals for a Commercial and Financial Advisor for the Commercialisation of the Sydney Coordinated Adaptive Traffic System (SCATS).

SCATS is a real-time adaptive signal control system that can adjust signal timing in response to traffic flow fluctuations and system capacity.

Transport for NSW is seeking to implement a new commercial model, with a Commercial Partner to accelerate innovation and importantly future proof the SCATS product and business. The Commercial Partner model will enable NSW to stay ahead of the obsolescence curve and maintain SCATS and NSW's reputation as a global leader in traffic management.

To facilitate the engagement of the Commercial Partner, the project will engage a Probity Advisor, Transaction Manager, Legal Advisor and Commercial and Financial Advisor. This Request for Proposal relates to the engagement of the Commercial and Financial Advisor only.

The engagement of the Commercial and Financial Advisor will be separated into two distinct phases:

Development Phase:

  • refinement of strategic objectives for SCATS commercialisation including how these may evolve over time
  • development of an initial commercial strategy in line with these objectives
  • testing and refinement of the strategy through market sounding and 
  • providing Transport for NSW with an outcomes report and expert commercial advice in relation to potential amendments to the strategy including any further inputs required to assist Roads and Maritime to obtain approval to progress to the Transaction Phase.

Transaction Phase (Option):

  • input into transaction and contract documentation for the Commercial Partner
  • review and assess the financial models put forward by Proponents
  • assist with the assessment of bids and financial capacity of Proponents
  • input into negotiations with Proponents and
  • providing expert commercial and financial advice as directed by Transport for NSW on structuring, tax, accounting, foreign exchange, intellectual property, ownership of data and other commercial and financial issues that may impact on the commercial offer from the Proponents throughout the procurement.

Work on the Transaction Phase will be subject to approval and only undertaken if, and when Transport for NSW exercises the option.

The detailed requirements and deliverables for the Commercial and Financial Advisor are documented in Part B: Scope of Services.

RFP Briefing

A briefing will be held at 9.30am on Thursday 30 January 2020 (amended) at:

20 – 44 Ennis Road
Milsons Point NSW 2061

Attendance is recommended but not mandatory. Please arrive 15 minutes before the start to allow for sign in and a prompt start.

Attendees must pre-register by e-mail to the Contact Person by providing the names of all attendees at least 24 hours before the Briefing.

All proponents must comply with the New South Wales Government’s Procurement Policy Framework (NSW Framework) and Code of Practice for Procurement (NSW Code).  Copies of the NSW Framework and NSW Code are available at www.procurepoint.nsw.gov.au.

Location

NSW Regions: South East Sydney

RFT Type

Request for Proposals - An invitation for expressions of interest / seeking preliminary proposals. In many cases these may be used as a basis for shortlisting tenderers, along with other criteria such as expertise and experience. Prospective tenderers are initially evaluated for their proposal against the relevant selection criteria. A number of those who best meet the criteria are invited to tender. For complex or some other types of procurement, where the product or service outcomes are highly dependent on the content of the proposals received from Tenderers, the outcome may be negotiated.

Tender Respondents

These tenders are listed alphabetically. Some tenders may be qualified or contain errors and in view of the information given in the criteria for tender evaluation, the list should not be relied upon as an indication of which tender may be successful.

Business Name Trading Name Address
Ernst & Young - 200 George Street
Sydney NSW 2000
AUSTRALIA
PricewaterhouseCoopers - One International Towers, Watermans Quay, Barangaroo
Barangaroo
Sydney NSW 2000
AUSTRALIA
The Boston Consulting Group Pty Ltd and Deloitte Touche Tohmatsu - Level 41, 161 Castlereagh St
Sydney NSW 2000
AUSTRALIA

Additional Details / Instructions

Prospective tenderers will need to complete, sign and return the confidentiality deed (in accordance with the instructions in that deed) prior to being given the passcode to access the RFP documents.

The completed deeds can be returned via email to Jason Hendricks (jason.hendricks@rms.nsw.gov.au) and Brendan Britton (brendan.l.britton@transport.nsw.gov.au). Please send a copy to both officers to cover leave periods over the Christmas/New Year period.

Address for Lodgement

Electronic lodgement only

Multi Agency Access

No