2.  Identifying and Evaluating P3s

The process of identifying and evaluating P3s for infrastructure and service delivery begins with a clear articulation of the goals of the project. The goals should focus on the desired outcomes of the project (i.e. the infrastructure and service provided). Based on those goals, an assessment of how a P3 can assist in achieving those goals can be performed. However, the base case for comparison should always be the traditional delivery. Only if the P3 provides an increase in total risk-adjusted value should the P3 proceed. This assessment of value is therefore an extremely important task that requires a great deal of care in performing.

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