Projects may be initiated by the private sector from its own assessment of the Government's potential service needs, or drawn from the annual list of capital investment projects published by the Government.
Private sector proponents should have regard to the Guiding Principles in this document when framing project proposals. Proposals must demonstrate that the outputs to be delivered are the most effective means of meeting identified needs and that the proposal offers value for money to the Government, having regard to the risks of the project and the party that will be expected to manage those risks.
Private sector proponents intending to initiate projects should also be aware of the Government's commitment to competitive tendering. In principle, agencies will not deal with proponents on an exclusive basis unless there are sound and justifiable reasons for doing so. Proponents should nevertheless be confident that in the event that the project is committed to competitive tendering, strict rules of confidentiality and the highest standards of probity will be applies to their proposals. The Government is committed to ensuring that intellectual property and any competitive advantage proponents may have in initiating projects, is preserved.