Pre-competition
1 Defining, scoping and structuring the project to advertising in the OJEC;
2 Assessing feasibility;
3 Sounding out market interest; In procurement
4 Pre-qualification of interested bidders;
5 Preparation of the output specification;
6 Identification of payment mechanisms and criteria for service performance;
7 Risk analysis (identification and quantification);
8 Review of outline business case;
9 Preparation of public sector comparator;
10 Preparation of evaluation criteria;
11 Preparation of invitation to negotiate/invitation to tender documentation;
12 Preparation of the negotiating brief and negotiate to close;
13 Financial credit assessment on the operator/operating consortium;
14 Review and evaluation of bids;
15 Building of financial models and undertaking investment appraisal;
16 Review of full business case;
17 Review of arrangements for transition and service monitoring (including establishment of milestones) for inclusion in the contract;
18 Assessment (prior to contract signature and in the light of up-to-date knowledge of the market) of the extent to which the final terms obtained in negotiation represent an acceptable outcome for the public sector; and
19 Other activities, which could include:
• valuing assets or any future revenue stream;
• reports on the bankability of proposals;
• vetting proposed timetable;
• documenting/auditing details of assets to be transferred; and
• audit of contractor's proposed quality assurance during the construction of the asset.