1945

This phase addresses the initial work of documenting, describing and specifying the project and setting out the main functional characteristics of the infrastructure and/or public service to be delivered. The identification of a project and assessing its feasibility are important components to appraising a project and developing an adequate basis for procurement of the opportunity (including providing sufficient information to the proposers/bidders in order to bid). For these reasons, it is important during project preparation to include an appraisal of the possible project delivery options taking into consideration the full project life cycle and assess the main issues, material elements, and key functionalities of a proposed project. These preparatory steps may include the review and/or approval by a relevant Competent Body, such as the PPP Unit or the Interministerial Committee, based upon one or more reports prepared to support such decision making.

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