5.2. After the TAA is signed, the PPP Center initiates the establishment of a Project Study Committee (PSC). The PSC shall be composed of representatives from the PPP Center, and IA/LGU. The PSC shall, among others:
a. Review the TORs and bidding documents for the selection of consultants/transaction advisors;
b. Evaluate the deliverables of the consultants/transaction advisors; and
c. Endorse payments to the consultants/transaction advisors out of the PDMF.