The Responsible Agency must identify public infrastructure needs to achieve its service delivery objectives in line with its Outcomes and Business Plan1.
A Final Business Case is commonly used to support the Government's investment (funding) decision. Simultaneously, Responsible Agencies must develop a Procurement Strategy including a procurement options analysis in consultation with NSW Treasury to support the procurement decision. The Procurement Strategy is part of the Final Business Case and not a separate document.
The Responsible Agency must complete the Final Business Case and Procurement Strategy (including procurement options analysis) prior to seeking Cabinet or budget approval to fund and procure the infrastructure project and associated services. The investment decision and procurement decision should be sought concurrently, and the investment (funding) decision must be based on the chosen procurement method determined by the Procurement Strategy, unless otherwise approved by Cabinet.
Prior to the NSW Government approving the investment and procurement decisions, the Responsible Agency must have undertaken IIAF Gateway Review 22 on the Final Business Case and Procurement Strategy, respectively. Gate 2 assesses the robustness of the Final Business Case prior to funding approval and readiness to progress to the procurement stage.
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1 Refer to https://www.treasury.nsw.gov.au/four-pillars/outcome-budgeting for further guidance.
2 Available at https://www.infrastructure.nsw.gov.au/project-assurance/resources/nsw-gateway-reviews/gates-1-6/.