Only practices and regulations that are recognized good practices are scored and aggregated by thematic areas.98 Therefore, not all of the data collected by the Benchmarking PPP Procurement team is scored; other data are included in the report as well as published on the project's website for contextual purposes. The scoring methodology allocates an identical weight to all of the benchmarks addressed in the assessment.
The scores are presented on a range from 0 to 100. The economies at the top of the range (score approaching 100) are considered to have a PPP regulatory framework that closely aligns with internationally recognized good practices. At the other end, the economies at the bottom of the range (scores closer to 0) have significant room for improvement because they do not adhere as closely to the international good practices and principles measured by Benchmarking PPP Procurement.
Table 1 lists the areas measured. The economy data tables present each economy's scores for all four thematic areas covered: preparation of PPPs, procurement of PPPs, USPs, and contract management. All of the data points employed in aggregating the Benchmarking PPP Procurement thematic areas are publicly available, along with all the other data points, on the project's website (http://bpp.worldbank.org).
Table 1 Areas assessed by Benchmarking PPP Procurement 2017
Preparation of PPPs | Procurement of PPPs | USPs | Contract management and termination of PPPs |
Approval by the ministry of finance or central budgetary authority | Composition of the PPP evaluation committee | Evaluation of USPs | PPP contract management system |
Integration of PPP within the broader context of public investment | Publication of the PPP procurement notice | Consistency of USPs with other government priorities | PPP contract monitoring and evaluation system |
Assessment of PPP feasibility: Socioeconomic impact | Legal minimum period of time granted to prepare PPP bids | Requirement for competitive procedure to award USPs | Change in the structure of the SPV |
Assessment of PPP feasibility: Affordability | Detail of the PPP procurement process stages in the tender documents | Legal minimum period of time granted to prepare alternative proposals | Modification or renegotiation of PPPs |
Assessment of PPP feasibility: Risk identification | Inclusion in the tender documents of prequalification criteria (when there is (prequalification |
| Regulation of force majeure, material adverse government change, change in the law, refinancing |
Assessment of PPP feasibility: Bankability | Questions, clarifications, and disclosure of answers |
| Establishment of a specific dispute resolution mechanism |
Assessment of PPP feasibility: Comparative assessment (PPP versus (traditional procurement | Inclusion of financial model in the proposals |
| Lender's step-in rights |
Assessment of PPP feasibility: Market assessment | Evaluation according to evaluation criteria stated in tender documents |
| Grounds for and consequences of PPP contract termination |
Inclusion of draft PPP contract in the request for proposal | Treatment of sole proposals |
|
|
Standardization of PPP contracts | Publication of the PPP award notice |
|
|
| Notification to all bidders of the results of the PPP procurement process |
|
|
| Regulation or restriction of negotiations between the award and the signature of the PPP contract |
|
|
| Publication of the PPP contract |
|
|
Note: PPP = public-private partnership; SPV = special purpose vehicle; USP = unsolicited proposal.