2.1  Identification of P3 Opportunities

Not all projects are suitable for P3 delivery. Significant resources are needed to evaluate a project as a potential P2. Therefore, only projects that are of sufficient value should be evaluated. Projects should be considered for P3 delivery when grant funding is contingent on evaluating a project. As well, any projects with a value of $100 million or greater should be considered for P3 delivery. The project value may be for a standalone project or for a bundle of projects that could be packaged together as a P2. Projects which are the subject of an unsolicited proposal for a P3 should be evaluated provided the project is identified as a priority in the capital budget. Prior to evaluation of P3 delivery for other projects, consideration should be given to the resources needed for the evaluation and weighed against the cost of the project and potential benefit of P3 delivery.