OBJECTIVE

In this part of the P3 business case, the project sponsor should:

•  Develop robust evaluative criteria to assess the traditional and P3 delivery models identified in Steps 2 and 3 above. Criteria are based on project and procurement objectives, policy direction, risk profile, stakeholder considerations, market sounding feedback, and insights from precedent transactions, and cover a range of categories (see Figure 7 below); and

•  Develop and implement a clear and defensible assessment methodology for evaluating the project delivery models against the developed evaluation criteria. Elements for consideration in developing the assessment methodology include, among other things, the weighting of criteria, the scoring mechanism and process, evaluation approach (e.g., use of a evaluative panel versus judgment of experts), stand alone versus relative scoring, etc.