5.2 Application of full procedures

Relationship to project type requirements and simplified procedures

The full procedures are to used for economic efficiency evaluation when either more detailed analysis is required than is provided in the simplified procedures, or the limits specified for the simplified procedures are exceeded.

The full procedures may be used for all types of land transport projects with appropriate adaptation. The benefits and costs considered in the evaluation should be adjusted or added to as appropriate to the project type.

The evaluation must comply with the requirements for the particular type of project as follows:

Worksheets

The full procedures consist of a series of worksheets to guide the calculation and encourage consistency of presentation. These worksheets are used as far as is practical when preparing evaluations. Non-standard worksheets may be submitted with evaluation reports provided the necessary information can be readily gleaned from such worksheets and is referenced on the project checklist.

The worksheets provided in this manual are designed to allow some flexibility in methods of calculation since no two project evaluations are exactly the same.

All project evaluation reports shall contain an executive summary which is made up of worksheets 1 to 8 (WS 1 to WS 8) inclusive. Worksheets A1 to A13 are provided to assist with the calculations reported in WS 1 to WS 8.

Much of the information required for WS 1 to WS 8 contributes to other components of Land Transport NZ's funding allocation process. The expectation is that the data entered on these worksheets can be transferred to the 'Land transport programmes online' system (LTP online) and vice versa as appropriate.

Blank worksheets

Within chapter 5, some worksheets have been completed as an example. The remainder have been left blank. For convenience, appendix A14 contains a complete set of worksheets WS 1 to WS 8 and WS A1 to WS A13.