PPP Canada has developed this P3 Business Case Development Guide to assist project sponsors who apply to the P3 Canada Fund in developing and submitting comprehensive and robust P3 business cases in support of their funding application.
PPP Canada's requires a P3 business case from applicants that qualitatively and quantitatively assesses a range of infrastructure project delivery models and recommends an optimal model that provides demonstrable public benefit and Value for Money for project stakeholders and taxpayers.
A P3 business case is different than a traditional capital project business case. A traditional capital project business case is focused on assessing the public policy, economic and technical feasibility of a project that is based on programmatic and financial findings from completed project feasibility analyses and other studies. The analysis in a traditional capital project business case is typically a critical input into a P3 business case. A P3 business case goes beyond a traditional business case to undertake is really a procurement options analysis. The intent of a P3 business case is to identify, assess and make a recommendation on the appropriate procurement option that best achieves project objectives and Value for Money. A P3 business case will therefore identify and assess a range of alternative procurement models (i.e., models that are different than the traditional design-bid-build methodology used by governments and public sector organizations) and make a recommendation on an optimal procurement model to be pursued along with a credible plan for implementation.
Project sponsors are encouraged to use the information in this document as a general guide in developing their P3 business cases. It is important for applicants to note that this document is intended to provide guidance in the preparation of a P3 business case. It is not intended to be a definitive manual that exhaustively provides all the analytical requirements of a P3 business case. Project sponsors may need to expand the scope of their P3 business case to support their own project decision-making and/or to satisfy PPP Canada Fund requirements.