This enables the government to decide if the project is worth implementing, considering its economic, fiscal, environmental, and social consequences, among other impacts it can yield. This represent an investment decision that is made, or confirmed, during appraisal.
In fact, as the several analyses interact with each other, the Value for Money assessment verifies if the PPP route is the most appropriate delivery model.
Legal and regulatory barriers to effective public-private partnership governance in Kazakhstan
The commercial feasibility and affordability assessments demonstrate that the project can be effectively implemented, attracting investors and promoting a responsible use of fiscal resources. This is a procurement decision which indicates if the PPP alternative makes sense. During the appraisal process, the procuring authority will have developed its procurement strategy, defined the future project team, and developed communications plans. If the project is approved, the government is now ready to move on to final structuring; this is when the project team will need to operate the financial model, translate the technical requirements into contractual obligations, and refine the contract pre-structure, among several other exercises.
During structuring, the tender process will be set out in detail and, more importantly, the value that the project adds to all stakeholders will be incorporated into the documents that will regulate the relationship between the public and the private partner for the duration of the contract. The book has a detailed description of how to structure financial models, with a focus on PPP deals chapter The report presents a discussion of scenario analysis to test the commercial feasibility of projects, with practical and numerical examples item 6.
Strategic Issues in Public-Private Partnerships - Semantic Scholar
The report provides a very comprehensive, country-specific approach to the Appraisal Phase. The paper presents recommendations for adequate public financial management of PPP contracts. The operational note presents the use of some fiscal feasibility tests and discusses experiences of healthy public financial management regarding PPPs. This is a reference of a policy to analyze alternatives of implementing infrastructure. This is a comprehensive description of the PPP process, including several references to guidance and academic material.
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The text presents a comprehensive description of the appraising exercises required for the approval of PPP projects in the Australian state of Victoria. The text presents a comprehensive description of the appraising exercises required for the approval of PPP projects in South Africa.
This paper presents the conclusion of a conference on Value for Money VfM practices, presenting the international perspective on the subject. Volumes 5 and 8 present and discuss the main methodological issues regarding the adjustments of cash flows to risk in the context of PPPs.
The report presents the theory and examples of the process of assessing social impacts of programs in the federal level of the United States government. It is a comprehensive and detailed guide of how to conduct social impact assessment. Without this approach, the public sector runs the risk of using PPP with the aim to achieve inadequate goals, for example to achieve a short-term improvement of public accounts, and at the same time, worsening the long-term financial picture.
Conflicts of Interest The authors declare no conflicts of interest. Cite this paper B.
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