The evaluation process must include a value-for-money assessment of the options. In the broadest sense, the option providing the best value for money is the one that uses the fewest resources to achieve desired service outcomes. Relative value is determined through a rigorous examination of service delivery options and business-case analysis, considering a broad range of factors including service levels; cost; promotion of growth and employment; environmental considerations; and other health, safety and economic issues.
With the introduction of accrual-based accounting for the province's finances, accounting considerations are no longer a driver of the model to be used for delivering infrastructure investments. The choice of model must be driven by economic considerations such as the efficient allocation of construction; financial and technical risks; effective project management; accountability; and financial discipline.
A value-for-money assessment must consider the quantitative factors to which a dollar value can be assigned, such as initial capital costs, operating and maintenance costs over the life of an initiative (adjusted for risks), and ongoing operating costs related to service delivery (including energy costs).
Quantitative factors also include those that can be quantified but are difficult to accurately translate into monetary terms. Examples may include the number of indirect jobs created by an initiative, the potential for broader economic stimulus, the level of measurable environmental benefits or the number of people served within a given timeframe.