In this part of the P3 business case, the project sponsor should:
• Outline the sponsor's overall strategy for engaging with market sounding participants;
• Describe the process used to identify market sounding participants and to ensure that selected participants are appropriate, well positioned to have a 'line of sight' on the project's key parameters, and sufficiently varied. A list of market sounding participants should be included;
• Describe the process used to conduct high-quality market soundings, including details about the project related information provided to participants in advance of the meeting, the role of the sponsor during meetings; questions asked; and
• Provide information on the sponsor's plan for follow-up consultations and refreshes.