5.5. The PDMF will fund the recruitment of consultants/transactions advisors to conduct the pre-investment activities mentioned in Section IV of these Guidelines. The recruitment process will start after the PDMF Board has approved the application of the IA and a Technical Assistance Agreement (TAA) has been executed between the PPP Center and the IA.
5.6. The selection of the consultants/transactions advisors that shall be utilized for a particular PPP Project shall follow a two-stage selection process.
a. Stage 1 is the pre-qualification, selection and retention of a panel of consulting firms under an indefinite delivery contract (IDC) facility for a 3-year period from the date of signing of the contract, (without commitment) using Quality Based Selection (QBS) method. The PPP Center can update said panel of consulting firms periodically.
b. Stage 2 is the actual selection of a particular consulting firm from the IDC facility panel of firms to develop a specific, well-structured bankable PPP project under an IDC Assignment (IDCA). The selection shall be made on a competitive basis, using a Fixed Budget Selection (FBS) method.
5.7. A consulting contract will be negotiated and signed between the IDCA Consultants (selected from among the panel of IDCF consulting firms) and the PPP Center, with the conformity of the IA/LGU. Normally, the contract will be divided into phases, namely, pre-feasibility project preparation and the transaction execution. There will be a provision in the contract allowing contract termination after pre-feasibility if the PPP project is found not viable. If there is an acceptable feasibility study, the contract may cover only transaction execution up to and including the signing of the PPP contract agreement with the winning bidder.