This subsection contains checklists from a number of issues that should be addressed in assessing the contract design of Public-Private Partnerships for infrastructure projects, with particular emphasis to Governance issues. Its structure and content are based on the accompanying best practices on contract design in order to minimize the likelihood of poor performance of a PPP, but the order is slightly modified to focus them on governance issues. Questions in bold are particularly important for the Governance of PPPs, and should therefore have higher weight in the evaluation. They are adapted from the work done by Iossa, Spagnolo and Vellez (2007). The criteria include the main issues covered by section 5 which are the following:
V. Flexibility and Renegotiation