The efficiency of the procurement process can significantly impact the level of transaction costs to Government and of bid costs incurred by market participants. Excessive and unnecessary bid costs impact the value for money achieved by Governments, with the market loading these costs into the pricing of future successful tenders and/or the level of return required within a project.
This section of the report summarises the key factors that PPP market Participants consider currently impact the overall efficiency of PPP procurement processes, many of which vary across the different jurisdictions and projects. It also looks to approaches adopted in other international jurisdictions participating in PPP procurement processes.