The work undertaken in the preliminary assessment stage must be sufficient to enable Cabinet Budget Review Committee to assess the priority of the project based on affordability and value for money. During this stage, initial qualified estimates are generated on policy, environment, economic and financial impact. These provide the foundations for the public private partnership business case.
At this stage an initial government project team and steering committee will be formed.
The Preliminary Assessment Stage will determine if it is likely that the solution will provide value for money through public private partnership delivery as a result of analysis to determine the risks that could be better managed by the private sector. At the end of the Preliminary Assessment Stage, Cabinet Budget Review Committee will decide whether the project has sufficient priority to warrant further investigation using the framework