Appendix C: Key Components of the Options Analysis

If it is determined that alternative delivery is a feasible delivery option, an options analysis (“Options Analysis”) of one or more alternative delivery approaches as compared to the traditional delivery approach would be conducted, focusing on qualitative considerations and quantitative results. The timeline for completion is +/- 2 months.

The Options Analysis allows for the evaluation of different project delivery options and the ultimate feasibility of pursuing alterative over traditional delivery. Qualitative analysis evaluates the advantages and disadvantages of each option relative to the objectives of the University and the specific project. Quantitative analysis typically compares the whole-life cost of the project on a net present value basis for each delivery option under consideration using discrete financial models for each. The ultimate output of the quantitative analysis is the project’s net financial impact to the University under each approach. The qualitative and quantitative analysis together inform the President’s Office and the Board of Trustees regarding the tradeoffs between traditional and alternative delivery for the project, and the ultimate decision on the project approach. To inform the options analysis, a market sounding exercise is also recommended to ascertain the market’s interest in a potential alternative delivery transaction. Components of an options analysis to be completed following Vote 1 and preceding Vote 2 include:

• Executive Summary
• Background and Scope of Work
• Project Objectives
• Overview of Options Analyzed
• Qualitative Analysis
• Quantitative Analysis
• Conclusions
• Next Steps / Implementation Plan

Doc. T93-122, as amended | Capital Planning, Land and Facilities Use Policy
Passed by the Board of Trustees on December 1, 1993
Revised:
August 7, 2002
November 16, 2005
June 10, 2009
June 18, 2014
December 13, 2018