What are respondents' views on the potential extension of project information requirements to periodic financial reporting and disclosure from project sub-contractors and shareholders, including sub-contractor out-turn costs, project equity transfers and achieved project and equity returns? 

The level of transparency should rightly follow that in other areas of contracting between the public and private sectors. To the extent that a construction contractor delivering an asset under a fixed price "Design and Build" contract is required to disclose out-turn profitability so should the sub-contractors in this form or contract. With respect to the investors, NPD arrangements deliver transparency of maximum returns at the equity / sub-debt level.