-
The risk of the taxation framework changing during the course of a contract is generally borne by the private partner when referring to taxes that are part of the common business environment, with exceptions.
In some contexts, a value-added tax (VAT) may be an exception to the general rule, and...
-
An assured provider of exceptional service
This organization has been accredited by APMG – benchmarked against exacting standards.
Foster Infrastructure has delivered more than 20 CP3P trainings in a diverse range of countries, as well as numerous other infrastructure and PPP-related trainings. We...
-
Body of Knowledge:
PPP Introduction and Overview - Appendix B - Sharia Finance
It is usual for a supporting agreement, known as a services agreement, to be entered into between the SPV and the Islamic funder.
As the Islamic funder has title to the PPP project asset, it therefore has a responsibility to operate, maintain and insure that asset. This will take time and money....
-
ndre Luiz Marques, economist, PhD in Energy and Environmental Planning and Master in Administration focusing on finance and logistics and two MBAs in management and leadership. Executive with over 20 years of professional experience mainly in the private sector in leading companies in their...
-
Body of Knowledge:
Strategy Delivery and Commissioning
Force majeure events are a limited set of events which may arise during the term of the PPP contract through no fault of either party. These are best managed by the private partner. They are more severe than relief events, will typically last longer and may result in termination of the PPP contract...
-
Daan Vermeer is currently completing his PhD thesis on the critical evaluation of strategic PPP/PFI investment vehicles for social infrastructure portfolios. His doctoral work is linked to UCL’s MSc course in Infrastructure Investment & Finance, and supported by the UK’s Major Projects...
-
Body of Knowledge:
Tendering and Awarding the Contract
Chapter 2.9.3 of the PPP Certification Guide explains the importance and significant benefits of transparency and proactive disclosure in PPP programs. It also provides examples of disclosure policies that are considered to be good practice. In some jurisdictions, it is compulsory to publicly...
-
E.R. Yescombe is a consultant on public-private partnerships and project finance, with many years’ experience in various forms of structured finance, including project finance, leasing, export credits, property and asset finance. He has advised government entities on PPP policy issues and contract...
-
Body of Knowledge:
Strategy Delivery and Commissioning
Monitoring the performance of the private partner is a primary function of the contract management team of the government. In most PPPs, the performance monitoring and reporting is done by the private partner, making the function largely one of assurance that the reporting is accurate and auditing...
-
Laurence Carter is the Senior Director of the Public-Private Partnerships Group of the World Bank Group. The PPP Group advises on the strategic direction and goals for the WBG on PPPs, supports coordination across the WBG, promotes partnerships and facilitates global knowledge about PPPs. ...
-
Body of Knowledge:
Appraising PPP Projects
The fiscal feasibility analysis provides two essential outputs.
First, it estimates the fiscal effect of the project in terms of direct and contingent exposures on the public budget. It also projects those effects from different perspectives, providing a comprehensive assessment of governmental...
-
In government-pays PPPs, the risk of default by the authority is obviously a private side risk inherent in the strategic decision of investing in a particular country market or in the projects promoted by a particular authority. We basically refer here to credit risk.
This is more an issue in sub-...
-
Body of Knowledge:
Strategy Delivery and Commissioning
It is common for the private partner to seek to change its shareholding arrangements and thereby, its owners. Provided that such a change does not increase the risk to the government or diminish the public benefit, it should not be prohibited by the PPP contract. The following circumstances are...
-
Body of Knowledge:
Strategy Delivery and Commissioning
This is the phase during which the project finance is drawn down and the construction contractor and subcontractors engaged by the private partner begin construction, testing, and commissioning of the different components of the project according to an implementation schedule. The major...
-
Media:
Blog posts
It's a momentous occasion for us at APMG – we've recently established a partnership with the World Bank Group (WBG) to create a new certification program for people working with Public-Private Partnerships (PPPs).
WGB’s the world’s largest development bank. Its objective is to reduce poverty in...
-
Body of Knowledge:
Structuring and Drafting the Tender and Contract
Evaluation criteria
Broadly speaking, there are two main types of processes in terms of evaluation criteria.
Processes based only on price (also referred to as least cost selection) in which the technical factors are evaluated on a pass/fail basis. This is sometimes called an auction; however it...
-
Media:
Blog posts
The United Kingdom has been a leading player in the development of Public-Private Partnerships (PPPs) since the inception of the Private Finance Initiative (PFI) in the early 1990s. PFI is a structure that introduced project finance into UK public services for the first time. Under PFI, a private...
-
Body of Knowledge:
Strategy Delivery and Commissioning
When dealing with under-performance and non-compliance in the Construction Phase, the issue is not the standard of services provided but rather the time taken to complete the asset and the quality of the asset on completion. In general terms, the private partner is incentivized to bring the asset...
-
Body of Knowledge:
Tendering and Awarding the Contract
In addition to the need to select or pre-select the candidates in a short list (see chapter 5.6.4), the competitive dialogue processes (and other interactive processes) have a number of particular and common issues.
These relate to the special stage of interaction or dialogue where the technical...
-
Media:
News
Claim and share your digital badges on social media and add them to your online CV and email signature to broadcast your certified skills to employers and other interested parties.
Successful candidates can now claim a digital badge to embed on an email signature, website, social media platforms or...
