May 09, 2016 -
In Budget 2011, the Government of Canada announced that federal departments and agencies are now required to evaluate the potential for using a P3 for large federal capital investments. All infrastructure investments creating an asset with a lifespan of at least 20 years and having capital costs of $100M or more will be subjected to the Federal P3 Screen to determine whether the P3 approach may be a suitable procurement option. Should the assessment conclude that there is P3 potential, the department or agency will be required to develop a P3 proposal among possible procurement options.
This document is meant to assist federal departments and agencies in complying with this new screen requirement by providing a consistent and systematic approach for assessing the P3 suitability of capital investments. An equally important objective of this document is to support the efficient use of analytical resources by ensuring that they are not expended on the consideration of P3 procurement for assets that are not compatible with the model.