15.2  Purpose of review

The cost of providing the Reviewable Services is to be reviewed at intervals set out in the project agreement (for example, every five years). Depending on the jurisdiction, the approach of the review may involve all or any of:

(a)  a benchmarking exercise against alternate service providers of comparable services;

(b)  submission by the private party of an offer to government for provision of the Reviewable Services over the next interval which is the subject of negotiation with government; and

(c)  market testing by the private party by receipt of tenders.