Roads And Maritime Services / Commercialisation Of Sydney Coordinated Adaptive Traffic... Tender

Procurement Summary

Country : Australia

Summary : Roads And Maritime Services / Commercialisation Of Sydney Coordinated Adaptive Traffic System : Commercial And Financial Advisor - Rms-10026501

Deadline : 14 Feb 2020

Other Information

Notice Type : Tender

TOT Ref.No.: 39034588

Document Ref. No. : RMS-10026501

Competition : ICB

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : ROADS AND MARITIME SERVICES
NSW Regions: South East Sydney
Contact Person : Jason Hendricks
Phone: -
jason.hendricks@rms.nsw.gov.au
Australia
Email :jason.hendricks@rms.nsw.gov.au

Tender Details

Tenders are invited for Roads And Maritime Services / Commercialisation Of Sydney Coordinated Adaptive Traffic System : Commercial And Financial Advisor - Rms-10026501



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 RoadMilsons Point NSW 2061


Attendance is recommended but not mandatory. Please arrive 15 minutes before the start to

Documents

 Tender Notice