The overall purpose of the public private partnership business case development stage (stage 3) is to:
• identify the project delivery option most likely to provide the best 'value for money' outcome
• provide information regarding the project delivery options, sufficient to enable the Cabinet Budget Review Committee and Cabinet to:
determine the preferred project delivery option
make commitments regarding funding of the potential project.
These goals are achieved through:
• more detailed examination of potential technical solutions and project delivery options, including those identified and carried forward from preliminary assessment
• ongoing and iterative qualitative and quantitative assessment to ensure the project delivery option meets the service requirement and delivers optimal 'value for money'
• development and refinement of an output specification that details the service requirement and delivers opportunity for a 'value for money' outcome
• development and refinement of a reference project, public private partnership project, public sector comparator and partnership model to gain a detailed and rigorous understanding of the project delivery options likely to deliver value for money. This development will be informed by the development and refinement of:
- the risk allocation matrix
- market sounding
- public interest assessment
- environmental planning, cultural heritage, native title and other specialist studies
- employee, employment and skills development assessments.
• determination and development of a procurement method that can be utilised to maximise the potential for a 'value for money' outcome. The procurement method will ensure that the process is competitive and consistent with probity requirements.