Stage 2 - Project Level Assessment

Requirement

Details Assessed

Undertaken / Comment / Action

Qualitative Assessment of NPD - project level

1.  Review, confirm and complete applicable pro-forma below relating to:

•  Viability of project

•  Desirability of project

•  Achievability of project (in particular market capacity and likely bid competition / market interest  to be reviewed)

2.  Consider wider VfM factors and generic VfM factors

3.  Review proposed Project Timetable

4.  Confirm proposed risk allocation (as per standard form NPD/hub DBFM contract, where applicable)

5.  Confirm benefit assessment and deliverability

6.  Support evaluation and decision with evidence from pervious projects.

Report findings should include the results of the assessment of the viability, desirability and achievability of revenue financed procurement. (This should include the pro-forma assessment tables and the results of the workshops which assessed these.)

Review of Affordability - to determine if the project can continue

Confirm project is affordable / supportable to the procuring authority based upon forecast scope and delivery timescales. The affordability implications (including the affordability envelope under a range of sensitivities) should be signed off required.

The affordability assumptions and implications should be detailed within the report.

Review of Balance Sheet Status

The accounting implications of the project should be assessed and recorded within the report.