The Business Case is an in-depth analysis that provides evidence that the project should provide Value for Money when compared to a Traditional Procurement process and that the project warrants proceeding to market as a P3 procurement. The Business Case is used to obtain support from the external Advisory Committee on Alternative Capital Financing (ACACF) and Treasury Board Committee approval to proceed with the project as a P3.
The Business Case builds upon the Opportunity Paper, but must be able to stand alone as a complete justification for the recommended procurement approach. The focus of the Business Case is on further developing the assessment and allocation of risk, the value analysis and procurement implementation strategy.
As an input into the Business Case, industry consultation, possibly through the issuance of a Request for Expression of Interest or a market sounding may be used to ascertain private sector interest.