The business case is an in-depth analysis that provides evidence that the project should provide value for money when compared to a traditional procurement process and that the project warrants proceeding to market as a P3 procurement. The business case is used to obtain support from the external Advisory Committee on Alternative Capital Financing and Treasury Board approval to proceed with the project as a P3.
The business case builds upon the Opportunity Paper but must be able to stand alone as a complete justification for the recommended procurement approach. The focus of the business case is on further developing the assessment and allocation of risk, the cost/benefit analysis and procurement implementation strategy.
Industry consultation, possibly through the issuance of a Request for Expression of Interest, is advisable to ascertain private sector interest.