Ministry branch or section, such as Cost Management, Capital Projects Division, or by external advisors. Any external advisors, e.g. financial, contractors or engineers, would be excluded from participating on proponent teams. Financial models are developed for each procurement approach and compared to determine which approach generates the best value for money. The financial model for the Traditional Procurement is referred to as the “PSC” while the model for the P3 is referred to as the “Shadow Bid.” 5.4.3.1 Public Sector Comparator (PSC) The PSC is used to establish the full and true cost of providing a facility and/or a service under a Traditional Procurement. The Traditional Procurement approach can vary by type of project depending on the procurement methods normally used to deliver the type of infrastructure. The procurement approach used as the PSC must be cost effective, viable, proven and sustainable and must have been successfully used to own, manage and deliver the type of infrastructure in the province on a sustainable basis. The PSC is normally the design-bid-build approach unless another approach meets the PSC criteria. The PSC serves as a benchmark to evaluate the P3 alternative and to examine the impacts of changing key project parameters and inputs such as output specifications and risk allocation. Wherever possible, the costing for the PSC is based on previous infrastructure projects. The Service Delivery Ministry can provide benchmark costing that may help in identifying the costs. These costs should include the internal cost of undertaking the project. 5.4.3.2 Shadow Bid The PSC is used to establish a benchmark for comparison purposes. However, the PSC alone does not allow an estimation of potential P3 costs/benefits when deciding which procurement alternative to pursue. As part of the detailed P3 Analysis, the Shadow Bid is developed to estimate the costs to deliver the project as a P3 and to identify areas where expected benefits could occur. This Shadow Bid is developed by modelling the project as if it were delivered as a P3. The Shadow Bid should cover the same time period and the same scope as the PSC. The Shadow Bid is used:
6.3 The Request for Qualifications Stage The RFQ stage serves the following purposes: Officially signaling the intent of the Program Ministry to proceed with the project and heighten its profile. Marketing the project to a wide audience to encourage participation and competition. Presenting an overview of the proposed scope and structure of the opportunity to interested parties. Allowing interested parties to assemble the requisite resources and form teams as appropriate. Allowing respondents (teams that respond to the RFQ) access to the RFQ electronic data room and all relevant project related information. Requesting respondents demonstrate their technical and financial capability to assume the roles and responsibilities expected by the province. Short-listing respondents to proceed to the RFP stage based on pre-established evaluation criteria and in accordance with the guidelines in Sections 6.10 and 6.11. In response to the RFQ, respondents are to demonstrate their experience and approach in the following areas (as appropriate): Design Construction Operations and Maintenance Financing Based on established evaluation criteria, respondents are ranked by a Deputy Ministers’ Project Steering Committee. The top three respondents are typically invited to respond to the RFP. 6.4 The Request for Proposals Stage The RFP stage requires the development of documents that reflect GOA’s risk transfer positions. The RFP stage serves the following purposes for the project: Providing proponents the opportunity to demonstrate understanding of the project, as well as their respective role and responsibilities. Allowing proponents access to the sites, the RFP data room and all relevant project related information. Providing proponents with the opportunity to develop their technical and financial proposals for evaluation by the province. Allowing proponents to review and comment on the draft Project Agreement that will be signed by the Preferred Proponent and includes requirements for the design, construction, operation and maintenance of the project as well as the payment mechanism.