Client | Savills Project Management
Location | Sydney, New South Wales
Role | Business Case Development Economic & Financial Analyses
Corview, in conjunction with Savills Project Management, was engaged by Sydney Living Museums to prepare the Preliminary Business Case for the Shoreline Experience, which considers options to restore and re-activate the historic Cadman’s Cottage site on Sydney’s Western Foreshore adjacent to the Overseas Passenger Terminal and Circular Quay. The preliminary business case explored a number of options including redevelopment options providing mixed-use museum / cultural and commercial offerings. The preliminary business case was submitted under and is compliant with the Infrastructure New South Wales Investor Assurance Framework.
Sydney Living Museums cares for 12 of New South Wales’ most important museums and historic houses. Together these sites are an important journey through the history and cultural life of Sydney.
Scope of Work
- Corview developed the business case and supporting value-for-money assessment including economic model, financial model and strategic assessment
- Developed a detailed model that could be used to rapidly considerer changes in scope, time and / or cost
- Provided informed insights which supported the client and technical team through the development of a preferred option. Two economically and financially viable options were recommended from which an optimal combination of cultural verses commercial uses could be explored. The adoption of two preferred options was informed by a targeted sensitivity analysis which investigated elements of economic and financial risk for the project.
“Corview was appointed to develop two preliminary business cases for high profile cultural infrastructure projects in Sydney – the Story of Sydney and Shoreline. The Corview team worked tirelessly to meet the project objectives and delivered excellent outcomes in a very short timeframe. In addition to developing a compelling investment logic map, case for change and value for money assessment, Corview responded to client feedback and incorporated last minute changes under tight submission deadlines. Once again, it was a pleasure to have Corview on our team and we look forward to delivering many more successful projects together.”
Marcus Paget-Wilkes, Director – Project Management, Savills Australia