Selection of JV partner(s)
1.30 A public sector body should normally expect to have to competitively procure a partner, although there may be some exceptions where the EU public procurement rules may not strictly apply as set out in Chapter 9. Chapter 9 builds on the introduction to competition and procurement issues set out in Chapter 3 including typical selection processes and selection criteria applicable to a .
Table 1.B: Indicative activities to consider at key stages of establishment
| Initial Planning | Option appraisal | Business case and detailed planning | Selection of partner(s)* | Launch and manage |
|  Agree business scope and objectives
Benefits realisation Confirm legal powers Consider reputation and propriety issues Likely classification, accounting and other regulatory matters Identify staff and other resources issues Project governance arrangements Market analysis and research | Appoint advisers Initial due diligence on assets/ Initial valuations Preliminary appraisal of project/delivery options Initial legal, financing, technical, tax accounting, reviews Identify any decisions needed in relation to key issues e.g. State Aid, competition rules, classification, etc Further market sounding | Work up detailed proposals for : - legal structure - asset transfers - staff transfers - financing Establish procurement approach Governance and management Exit and termination strategies Assemble material for info. Memorandum Decide selection criteria o Prepare outline heads of terms agreement | Issue of information memorandum Pre-qualify bidders Enter dialogue phase* Agree initial form of business plan Agree forms of document Call for final tenders Identify preferred partner(s) Bidders undertake due diligence | Final business case approval Fine tune documents Finalise and monitor business plan Launch On-going resourcing and management of |
* Assuming competitive selection is undertaken using the competitive dialogue procedure, see Chapter 9; it is however possible that a restricted procedure may also be appropriate.