Monitoring and evaluation cut across the different phases of the PPP framework as presented in Figure 2-1 of this volume. Among the critical aspects that should be monitored and evaluated at each phase are:
Development | • Optimal project selection • Complete and robust project preparation • Adequate risk analysis and management plan |
Approval | • Validation of project feasibility • Reasonable risk allocation and government support • Reasonable and affordable tariffs |
Competition | • Compliance with the prescribed bidding process and requirements of the BOT Law and its IRR |
Cooperation | • Post award negotiation will not alter the risk allocation • Compliance with contractual obligations of both parties • Managing contingent liabilities • Development impact of project |