If the assessment leads The City to determine that the unsolicited proposal has value and is worth (potentially) accepting, the following steps will be undertaken.
■ The City will determine whether other proponents are interested in entering into a competitive process to provide the same facility or service. To do so, the P3 Unit or sponsoring Business Unit may issue a Request for Expressions of Interest (REOI). The REOI will protect the initial proponent's proprietary information.
■ If there are other interested proponents, the sponsoring business unit will advise the proponent that a competitive procurement process will be followed, and the project will proceed as dictated by the capital plan.
■ If no other proponents are interested the business unit will undertake a value for money analysis (if not already completed) and business case.
■ The capital budget will be updated accordingly for timing and costs.
■ Upon the decision to proceed with negotiations, The City's procurement policy will guide negotiations with the proponent using the value for money analysis and business case as its benchmarks.