In this part of the P3 business case, the project sponsor should:
• Clearly describe the Value for Money methodology to be used to conduct its VFM analysis. Government bodies, agencies and departments in BC, AB, ON and QC should develop VfM analysis in accordance with the established provincial methodologies in their respective jurisdictions. Other jurisdictions can consult PPP Canada on methodologies. Any departures from existing methodologies should be justified and explained. It is PPP Canada's expectation that, where available, VFM methodologies that are local to the project sponsor will be used; and
• Select a VFM methodology that yields the highest degree of transparency and can withstand public scrutiny.