Transaction advisory for the 2018 Commonwealth Games Athlete Village
Transaction advisory for the 2018 Commonwealth Games Athlete Village
Client: Economic Development Queensland
Project name: 2018 Commonwealth Games - Athletes Village
Project description
The Queensland Government decided to procure the Athletes Village for the 2018 Commonwealth Games held on the Gold Coast, Queensland, through a build-to-rent arrangement. EDQ was responsible for engaging with a private sector partner to develop the Athletes Village and to make it available during the Games period.
BDO was engaged by EDQ as the transaction manager to procure a development partner in relation to the Commonwealth Games Athletes village. We provided the full suite of transaction advisory services through a tender process from Expression of Interest to Request for Proposal. These transaction services ranged from preparing tender documentation to facilitating the evaluation of tenders, to negotiating contractual documentation and reviewing all relevant agreements and deeds.
BDO's role
As part of the engagement, BDO:
- Facilitated assessment of EOIs according to a clear and transparent Evaluation Plan
- Developed and reviewed RFP documentation in conjunction with other project advisers, and subsequently facilitated assessment of RFPs according to a clear and transparent Evaluation Plan
- Responded to proponents’ clarifications/requests for information (RFI)
- Facilitated proponent presentations
- Negotiated contractual documentation to Financial Close
- Conducted on-going due diligence as part of contract management
- Supported the monitoring, calculations, and reporting of the ongoing support payment arrangements.