Build-and-Transfer (BT) - a contractual arrangement whereby the project proponent undertakes the financing and construction of a given infrastructure or development facility and after its completion turns it over to the implementing agency (IA) or local government unit (LGU) concerned, which shall pay the proponent on an agreed schedule its total investments expended on the project, plus a reasonable rate of return thereon
Build-Lease-and-Transfer (BLT) - a contractual arrangement whereby the project proponent is authorized to finance and construct an infrastructure or development facility and upon its completion turns it over to the implementing agency (IA) or local government unit (LGU) concerned on a lease arrangement for a fixed period after which ownership of the facility is automatically transferred to the IA or LGU concerned
Build-Operate-and-Transfer (BOT) -a contractual arrangement whereby the project proponent undertakes the construction, including financing, of a given infrastructure facility (previously undertaken by the government) and its operation and maintenance. The project proponent operates the facility over a fixed term during which it is allowed to charge users appropriate tolls, fees rentals and other charges not exceeding those proposed in its bids or as negotiated and incorporated in the contract to enable it to recover its investment, and operating and maintenance expenses. At the end of the fixed term, the proponent transfers the facility to the government agency concerned.
Build-Own-and-Operate (BOO) - a contractual arrangement whereby the project proponent is authorized to finance, construct, own, operate and maintain an infrastructure or development facility from which the proponent is allowed to recover its total investment, operating and maintenance costs plus a reasonable return thereon by collecting tolls, rentals or other charges from facility users
Build-Transfer-and-Operate (BTO) - a contractual arrangement whereby public sector contracts out the building of an infrastructure facility to a private entity such that the contractor builds the facility on a turn-key basis, assuming cost overrun, delay and specified performance risks
Comprehensive Development Plan (CDP) - a multi-sectoral plan of city/municipal level programs, plans and activities that encompasses social, economic, environmental, infrastructural and institutional sectors of the locality
Contract-Add-and-Operate (CAO) scheme - a contractual arrangement whereby project proponent adds to an existing infrastructure facility which it is renting from the government; and project proponent operates the expanded project over an agreed franchise period
Develop-Operate-and-Transfer (DOT) - a contractual arrangement whereby favorable conditions external to a new infrastructure project which is to be built by a project proponent are integrated into the arrangement by giving that entity the right to develop adjoining property, and thus enjoy some of the benefits the investment creates such as higher property or rent values
Executive Order No. 8 - reorganizing and renaming the Build-Operate and Transfer (BOT) Center to the Public-Private Partnership (PPP) Center of the Philippines and transferring its attachment from the Department of Trade and Industry to the National Economic and Development Authority for other purposes
Infrastructure Committee (INFRACOM) - an inter-agency committee of the NEDA Board tasked to: a) advise the President and the NEDA Board on matters concerning infrastructure development; b) coordinate the activities of the agencies; and c) recommend to the President Government policies, programs and projects
Internal Revenue Allotment (IRA) - a built-in mechanism of inter-governmental transfer, which allocates a share of the national wealth to respective LGUs that would be used to carry out mandated tasks and responsibilities indicated in legislation, particularly the Local Government Code of 1991
Investment Coordination Committee (ICC) - an inter-agency committee of the NEDA Board tasked to: a) review the fiscal, monetary and Balance-of-Payments implications of major capital projects (MCPs) and recommend to the President the timetable of the implementation of these projects and programs on a regular basis; b) submit to the President a status of the fiscal (budgetary), monetary (credit and BOP) implications of MCPs; and c) review/evaluate specific MCPs with respect to technical, financial, economic, social, and institutional development feasibility, and viability as well as from the context of sectoral plans and geographical strategies, and submit to the NEDA Board (NB) for confirmation of ICC action
Local Development Council - a council in the LGU who is tasked to a) review the acceptability of proposed LGU PPP projects and provide comments for the enhancement of the project proposal; b) approve the project proposal and endorse it to the Sanggunian; c) review existing policies affecting implementation of PPP projects and propose amendments to the Sanggunian if needed; and d) propose new policies to the Sanggunian which support PPP implementation
Local Development Investment Program (LDIP) - A compilation of annual investment plans, which outlines the priority LGU initiatives, indicative schedule of implementation and the expenditure projected for each initiative
Local Economic and Investment Promotion Officer (LEIPO) - the lead person or officer in the local PPP who is tasked to a) prepare, coordinate and execute local economic and investment promotion policies, projects and activities at the provincial, municipal and city level; b) ensure the functionality of the PPP Sub-Committee; c) conduct activities supportive of collaboration with the private sector for LGU PPAs; and d) work with the Local Planning and Development Coordinator and Local Engineer in coordinating with concerned national agencies for LGU PPP projects
Local Engineer - The lead person or officer in the local PPP who is tasked to a) provide technical inputs in the technical working group of the LGU developing the pre-feasibility study or feasibility study; and b) ensure that technical designs and specifcations required of the project adhere to standards.
Local Planning and Development Coordinator - the lead person or officer in the local PPP who is tasked to a) identify possible projects of local departments for PPP during the LGU's investment programming cycle; b) ensure inclusion of the LGU PPP projects in the Investment Program and Annual Investment Plan; c) secure approval of proposed LGU PPP projects from necessary approving bodies; d) coordinate with concerned local departments and national line agencies to firm up the development of local projects for PPP; e) ensure that all technical requirements needed in the PPP project development are met; f) monitor and report the progress of PPP project implementation; and g) evaluate the PPP project after its implementation and provide a report to the concerned local bodies (i.e., Sanggunian) and national government agencies (i.e. PPP Center)
Pre-qualification, Bids and Awards Committee (PBAC) - as per the RA 6957, as amended by RA 7718 - IRR, a committee which is responsible for all aspects of the pre-bidding and bidding process in the case of solicited proposals, and for the comparative bidding process in the case of unsolicited proposals
Provincial Development Investment Program (PDIP) - a listing of programs, plans and activities that have been prioritized and the indicative years wherein each intervention would be carried out, and the annual expenditure projected for each initiative, spread on a span of 6 years
Provincial Development and Physical Framework Plan (PDPFP) - a comprehensive plan of provincial level programs, plans and activities (PPAs) formulated based on situational analyses, socioeconomic profiling, sectoral assessments and identification of prevailing issues and concerns
Public-Private Partnership - a contractual agreement between a government and a private firm, towards financing, designing, implementing and operating infrastructure facilities and services traditionally provided by the public sector
Rehabilitate-Operate-and-Transfer (ROT) - a contractual arrangement whereby an existing facility is turned over to the private sector to refurbish, operate and maintain for a franchise period, at the expiry of which the legal title to the facility is turned over to the government
Rehabilitate-Own-and-Operate (ROO) - a contractual arrangement whereby an existing facility is turned over to the private sector to refurbish and operate with no time limitation imposed on ownership
Regional Development (RD) Committee - an inter-agency committee of the NEDA Board tasked to: a) formulate and monitor the implementation of policies; b) serve as clearing house for key regional development policy/ program proposals; c) formulate and monitor implementation of the framework for regional development of the PDP; d) periodically review the viability of the regional configuration of the country and recommend to the President the re-delineation of regions; and e) periodically review the composition, structure and operating mechanism of RDCs and recommend to the President changes as may be necessary
Republic Act 6957 - an act authorizing the financing, construction, operation and maintenance of infrastructure projects by the private sector and for other purposes
Republic Act of 7718 - an act amending certain sections of Republic Act 6957, entitled "an act authorizing the financing, construction, operation and maintenance of infrastructure projects by the private sector, and for other purposes.
Risk - This refers to the "quantifable likelihood of loss or less than expected returns" in investment.