4.2 Consistent with the PDMF guidelines, the Fund shall only be used for the following:
4.2.1 Preparation of project pre-feasibility and feasibility studies;
4.2.2 Project structuring;
4.2.3 Preparation of bid documents and draft contracts;
4.2.4 Transaction advisory;
4.2.5 Assistance in the tendering process, including bid evaluation and award;
4.2.6 Activities required to determine the feasibility and viability of potential PPP projects;
4.2.7 Preparation of various project documents as required for approval by the NEDA-ICC and other approving bodies; and
4.2.8 Hiring of consultants and advisors to assist the IA in the various aspects of the project preparation.
4.3 In the event that an IA fails to bid out the project, conclude the bidding process or sign the contract with the winning bidder, the repayment of the project development costs to the PDMF to be sourced within its annual budget shall be as follows:
➢ one hundred percent (100%) if the failure is within the IA's fault/responsibility as determined by the PDMF Board; or
➢ fifty percent (50%) if it is beyond the IA's fault/responsibility as determined by the PDMF Board.
4.4 To ensure the sustainability of the PDMF, starting FY 2013 and thereafter, the PPP Center may include in its annual budget the funding requirement to augment PDMF in an amount not exceeding the Estimated PDMF Cash Deficiency for FY 2013 and succeeding years, if there is any, to be computed as prescribed in Form 2:
4.5 In case there is no estimated PDMF deficiency for FY 2013 and succeeding years, appropriation cover shall no longer be provided.
4.6 The PPP officials/accountable officers shall be responsible for the veracity and validity of aforesaid information that would serve as basis of augmenting the PDMF.