The following steps will be undertaken to assess the value to The City of the unsolicited proposal.
■ The need for the project must be clearly demonstrated and must reflect City priorities (i.e. the project is in the capital budget or a business unit's capital plan).
■ A screening assessment must be conducted to validate the use of a P3 delivery model for the project.
■ If the screening assessment validates a P3 delivery model, a strategic assessment must be conducted to evaluate the risk allocation offered by the unsolicited proposal.
■ A value for money assessment may be required depending on the outcome of the strategic assessment.
■ The qualifications (financial, technical, etc.) of the proponent to enter into the proposed P3 arrangement must be assessed and confirmed.