Precinct Governance Matrix
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The building blocks for best practice precinct governance are the elements that make good decisions possible. This page breaks down precinct governance into topics and then provides a list of building blocks for each topic per maturity stage of a precinct.
The following is a matrix of critical governance topics across the precinct maturity roadmap.
Step 1: Go to your topic of interest and
Step 2: Scroll left or right to your precinct stage
Step 3: Review the best practice content
Precinct Maturity Roadmap (click to enlarge)
Governance Forums
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Feasibility Stage
Sponsor(s) Board
Sponsor Investment Review Committee
Precinct Steering Committee
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Development Stage
Precinct Board
Strategic Planning Committee
Design Review Board
Transaction Review Panel
Sponsor(s) Board
Sponsor Investment Review Committee
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Delivery Stage
Precinct Board
Strategic Planning Committee
Design Review Board
Developer’s Investment Committee
Project Control Groups
Fund Manager Investment Committee
Sponsor(s) Board
Sponsor Investment Review Committee
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Emerging Stage (Operations)
Precinct Executive Committee
Precinct Management Team
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Active Stage (Operations)
Precinct Executive Committee
Precinct Management Team
Precinct liaison committee
Government liaison committee
Data analytics committee
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Global Stage (Operations)
Precinct Executive Committee
Precinct Management Team
Precinct liaison committee
Government liaison committee
Data analytics committee
Events management committee
Sustainability committee
Funding requirements or opportunities
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Feasibility Stage
Seed funding for light management. Lean and entrepreneurial to reach Approval to Pursue
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Development Stage
Government funding for early works to develop precinct plan, acquire properties, site due diligence, transaction management, bid costs, marketing, design development
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Delivery Stage
Debt/equity financing through Treasury / Banks
Institutional funding agreements for property acquisition capital drawdowns
Upfront Infrastructure investment in the multi-stage precinct
Development Management Fee
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Emerging Stage (Operations)
"patchwork of funding sources"
Contributions from tenants, owners and occupiers
public financing
Leases
Building fees
Car park fees
Land Sale
Membership dues
Value capture
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Active Stage (Operations)
"patchwork of funding sources"
Contributions from tenants
public financing
Leases
Building fees
Car park fees
Land Sale
Membership dues
Value capture
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Global Stage (Operations)
"patchwork of funding sources"
Contributions from tenants
public financing
Leases
Building fees
Car park fees
Land Sale
Membership dues
Value capture
Global brand licensing
Investment Assurance
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Feasibility Stage
Not applicable
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Development Stage
Independent Assurance Reviews of Projects (gateway milestones)
Independent Assurance Reviews of Precinct (annual)
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Delivery Stage
Independent Assurance Reviews of Projects (gateway milestones)
Independent Assurance Reviews of Precinct (annual)
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Emerging Stage (Operations)
Independent Assurance Reviews of Precinct (annual)
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Active Stage (Operations)
Independent Assurance Reviews of Precinct (annual)
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Global Stage (Operations)
Independent Assurance Reviews of Precinct (annual)
Legal Documents
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Feasibility Stage
Management Agreement
Memorandums of Understanding
Management company
Agency legislation
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Development Stage
Joint Venture Agreement(s)
Commercial Risk Allocations
Transaction documents
Project Development Agreement
Pre-Sale Agreements
Agreement to Lease
Draft construction deeds
Construction lease
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Delivery Stage
Grant construction lease
Construction deeds
Tenant deeds
Tenant lease agreements
Resident sale agreements
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Emerging Stage (Operations)
Precinct management and funding agreement
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Active Stage (Operations)
Precinct management and funding agreement
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Global Stage (Operations)
Precinct management and funding agreement
Precinct Sponsor Responsibility (landowner)
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Feasibility Stage
Define precinct vision
Define precinct boundary
Prepare strategic framing plan
Establish governance & assurance framework
Appoint development management team
Property acquisitions (as req’d)
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Development Stage
Construction Management Plan
Construction data (quality, progress, productivity, financial, logistical)
Digital Twin
Environment, Safety, Traffic Plans and reports
Community Engagement Plans and reports
Inspection test reports
IFC and As-Built documents
Monthly Reports
Annual Report
Independent Assurance Reports
Financial Certification
Certificates of Completion
Occupancy Certificates
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Delivery Stage
Grant construction lease
Construction deeds
Tenant deeds
Tenant lease agreements
Resident sale agreements
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Emerging Stage (Operations)
Precinct values
Precinct constitution
Governance forums Terms of Reference
Annual Strategies
Operating data (usage, condition, ownership, financial)
Monthly Reports
Annual Report
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Active Stage (Operations)
Precinct management and funding agreement
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Global Stage (Operations)
Precinct values
Precinct constitution
Governance forums Terms of Reference
Annual Strategies
Operating data (usage, condition, ownership, financial)
Monthly Reports
Annual Report
Artefacts
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Feasibility Stage
Precinct Vision Statement
Strategic Framing Plan
Governance Forum(s) Terms of Reference
Assurance Plan
Role Descriptions
Precinct Development Plan
Gantt Chart
Financial Model
Planning study
People Surveys (community, industry)
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Development Stage
Approve early works funding
Approve masterplan
Approve delivery strategy and financial model
Conduct assurance reviews
Approve delivery and operations governance plan
Approve delivery partner Stage 1
Obtain agreements for lease
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Delivery Stage
Approve investment milestones
Conduct assurance reviews
Lease Agreement
Obtain long term funding commitments
Approve guarantees
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Emerging Stage (Operations)
New Sponsors (new owners)
Pay levy
Startup Executive Committee
Establish Green lease committee(s)
Establish KPIs for precinct managers
Appoint precinct manager
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Active Stage (Operations)
Pay levy
Attend Executive Committee
Green lease committee(s)
Evaluate precinct managers
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Global Stage (Operations)
Pay levy
Attend Executive Committee
Green lease committee(s)
Evaluate precinct managers
Development Manager
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Feasibility Stage
Participates in market sounding
Develop early financial model
Manage specialist consultants
Liaise with Government stakeholders
Early private sector discussions
Prepare early sketch scenarios
Engages with industry associations
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Development Stage
Development Management Plan
Property Development Feasibility
Design Proposal
JV Agreements
Financial structuring
Property Marketing
Tenant acquisition
Construction tendering
Design development
Business case / Budget development
Site investigations
Property negotiations
Market sounding
Planning approvals
Marketing
Community engagement
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Delivery Stage
Property Marketing
Tenant acquisition
Project Management
Capital drawdowns
Debt management
Project completion certificates
Occupancy handover
Fund acquisition
Infrastructure coordination
Chair development control group
Establish Project Control Groups
Oversee design and construction
Oversee marketing and public relations
Oversee leasing
Develop asset management plan
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Emerging Stage (Operations)
General and Limited Partners Profit distributions
Bank and Parent Company guarantee release/ call
Defect liability periodGeneral and Limited Partners Profit distributions
Bank and Parent Company guarantee release/ call
Defect liability period
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Active Stage (Operations)
Not applicable
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Global Stage (Operations)
Not applicale
Precinct Management Responsibility
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Feasibility Stage
Not applicable
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Development Stage
Not applicable
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Delivery Stage
Not applicable
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Emerging Stage (Operations)
Precinct management
Collect levy
Manage operations budget
Event management
Security & Safety
Cleaning
Brand marketing
Capital maintenance plans
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Active Stage (Operations)
Precinct management
Collect levy
Manage operations budget
Event management
Security & Safety
Cleaning
Brand marketing
Capital maintenance plans
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Global Stage (Operations)
Precinct management
Collect levy
Manage operations budget
Event management
Security & Safety
Cleaning
Brand marketing
Capital maintenance plans
Precinct Business Owner Responsibility
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Feasibility Stage
Not applicable
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Development Stage
Agreement for lease
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Delivery Stage
Lease Agreement
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Emerging Stage (Operations)
Pay levy contribution (in accordance with lease agreement)
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Active Stage (Operations)
Feedback to Landowner / Executive Committee
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Global Stage (Operations)
Feedback to Landowner / Executive Committee