4.1  Stages of project approval

The investment and procurement decisions are separate (although from a timing perspective they can occur concurrently or separately). While individual governments will have specific processes, generally there is a staged decision-making process:

Governments will consider the investment decision based on the business case (or Scoping study or feasibility study as the case may be); and

following the investment decision, government will consider the procurement method decision based on the Procurement Options Analysis (which may or may not be part of the business case).

The investment decision is required before a decision on the procurement method can be approved.