Upon signing of the concession or partnership agreement, the private proponent will have been provided with a reasonable period in which to proceed to financial closure. The Government and contractor will then proceed to satisfy the conditions precedent as soon as possible. When independent regulators are involved, the Government will focus on its role as project owner, and the regulator will act as a referee to monitor service delivery and act as an objective party to take decisions that ensure the best interests of all parties are safeguarded.
The Project Committee will then complete its work and the contract management team within the relevant line agency, assisted by the PPP Centre, will begin its work in ensuring that the private proponent delivers the project on schedule and according to specifications. The PPP Centre is expected to provide assistance to the contract management team, particularly given the PPP Centre understands the project contract. Advisers' services can be sought to assist the contract management team.