The report should normally consist of;
• Project background, objectives and alternatives (typically traditional delivery and P3 delivery).
• Description of the selection process, short-listed proponents, preferred proponent, milestone dates, advisors (financial, engineering, process, fairness as applicable), and selection costs.
• Summary of the key terms of the Project Agreement.
• Financial summary including NPV lifecycle cost comparison, performance payment requirements and accounting treatment.
• Any material scope changes to the project during the procurement.
• Summary of the risk profile/allocation.
• Innovations and creativity.