Issue

Questions

Response

Transaction costs and client capacity

Does the Procuring Authority have an appropriate governance and management structure in place for progressing the procurement of the project?

Is there sufficient Procuring Authority capability and capacity to manage the procurement process and appraise the ongoing performance against agreed outputs?

Can an appropriately skilled and experienced procurement team, with appropriate external advisory support, be assembled in good time?

Will the project be feasible within the required timescale?

Is there sufficient time for resolution of key Procuring Authority issues?

Does the size of the project justify the transaction costs?

Competition / Market Interest

Is there evidence that the private sector is capable of delivering the required outcomes for the project?

Have any similar projects been tendered to market?

Is there likely to be sufficient market appetite for the project in the timetable currently anticipated?

Has this been tested robustly? Is there any evidence of market failure for similar projects?

Has the Procuring Authority's commitment to a revenue financed solution for this type of project been demonstrated?

Do the nature of the investment and / or the strategic importance of the work and / or the prospect for further business suggest that it will be seen by the market as a potentially profitable project?

OVERALL ACHIEVABILITY

Overall is the relevant Accountable Officer satisfied that the project is achievable, that appropriate governance and management arrangements are in place, that the project team is sufficiently resourced and the project is attractive to the market?