The PPP development process consists of four stages. Each stage is made up of a series of defined tasks. At the end of each stage, projects will be reviewed and submitted to Cabinet for approval to proceed to the next stage.
- Project Identification – find those assets and services – existing or planned – where value for money could possibly be increased if they were done as PPPs.
- Business Case – is the development of a thorough report on the candidate project (the “Business Case”), which will be submitted to Cabinet for approval to proceed with procuring the project as a PPP.
- Transaction – is when bidders are actually requested for the project, qualified, and then invited to bid.
- Contract Management – the Government needs to ensure that the promises in the contract are delivered, and that new events are responded to intelligently.