8.4 Full Business Case (FBC)

The FBC is documented prior to financial closure and award of contract. It should provide all the information needed to support a decision to award a contract and commit actual funding, and should provide a basis for the necessary project management, monitoring, evaluation and benefits realisation. Key components of the FBC include:

• an update on key changes and developments since the OBC
• full details of the procurement process
• thorough appraisal of bids received from suppliers and a conventional procurement option
• final review of strategic fit, options, value for money, affordability and achievability
• plan and timetable for final negotiations and award of contract
• final plans for monitoring, evaluation and benefits realisation.