TABLE OF CONTENTS Page Executive Summary i 1. Introduction 1 Approach 1 2. Context and background 3 context and FCF targets 3 2.1.1. FCF 3 . 2.1.2. Key findings and recommendations 3 . rationale for intervention 4 2.2.1. Key findings 4 to adopt market based approaches 4 2.3.1. Key findings and recommendations 5 . 3. Results and efficiency 7 secured for conservation 7 of agreements 8 of sub-elements of the FCF 9 3.3.1. Competitive tender 9 3.3.2. Direct approach and fixed price offers 11 3.3.3. Maintaining and Mole Creek Karst 12 Australia’s Biodiversity Hotspots 3.3.4. Revolving fund 13 and risks to FCF efficiency 4. Design lessons of broad design principles 4.1.1. Key findings and recommendations 16 . benefits the conservation values index (CVI) – 4.2.1. Key findings and recommendations 19 . potential efficiency gains from using an MBI 4.3.1. Key findings and recommendations 21 . economic value of investing in metric 4.4.1. Key findings and recommendations 22 . 5. Implementation lessons providers 5.1.1. Key findings and recommendations 23 . implementation of technical assessments 5.2.1. Key findings and recommendations 25 . administration costs 5.3.1. Key findings and recommendations 26 costs faced by participants 5.4.1. Key findings and recommendations 28 engagement and impacts on program outcomes 5.5.1. Key findings and recommendations 29 6. Broad policy lessons and future challenges use of market approaches party delivery model policy challenges Appendix A: Overview of the suite of measures under the FCF
TABLE OF CONTENTS Page Executive Summary i 1. Introduction 1 Approach 1 2. Context and background 3 context and FCF targets 3 2.1.1. FCF 3 2.1.2. Key findings and recommendations 3 rationale for intervention 4 2.2.1. Key findings 4 to adopt market based approaches 4 2.3.1. Key findings and recommendations 5 3. Results and efficiency 7 secured for conservation 7 of agreements 8 of sub-elements of the FCF 9 3.3.1. Competitive tender 9 3.3.2. Direct approach and fixed price offers 11 3.3.3. Maintaining Australia’s Biodiversity Hotspots and Mole Creek Karst 12 3.3.4. Revolving fund 13 and risks to FCF efficiency 4. Design lessons of broad design principles 4.1.1. Key findings and recommendations 16 benefits – the conservation values index (CVI) 4.2.1. Key findings and recommendations 19 potential efficiency gains from using an MBI 4.3.1. Key findings and recommendations 21 economic value of investing in metric 4.4.1. Key findings and recommendations 22 5. Implementation lessons providers 5.1.1. Key findings and recommendations 23 implementation of technical assessments 5.2.1. Key findings and recommendations 25 administration costs 5.3.1. Key findings and recommendations 26 costs faced by participants 5.4.1. Key findings and recommendations 28 engagement and impacts on program outcomes 5.5.1. Key findings and recommendations 29 6. Broad policy lessons and future challenges use of market approaches party delivery model policy challenges Appendix A: Overview of the suite of measures under the FCF . . . . . . . . .
fcf-performance.docx