COSTA RICA
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| COSTA RICA |
| GNI PER CAPITA (IN USD) |
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| Preparation of PPPs |
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| Central Budgetary Authority's approval | Yes | Both before tendering and contract signature | |
| PPP's prioritization consistent with public investment prioritization | Yes | Detailed procedure established | |
| Economic analysis assessment | Yes | No specific methodology developed | |
| Fiscal affordability assessment | Yes | No specific methodology developed | |
| Risk identification | Yes | No specific methodology developed | |
| Financial viability assessment | Yes | No specific methodology developed | |
| PPP vs. Public Procurement comparative assessment | Yes | No specific methodology developed | |
| Market assessment | Yes | No specific methodology developed | |
| Draft PPP contract included in the request for proposals | Yes |
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| Standardized PPP model contracts and/or transaction documents | No |
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| Procurement of PPPs |
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| Evaluation committee members required to meet specific qualifications | No |
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| Public procurement notice of the PPP issued by procuring authority | Yes | Available online | |
| Minimum period of time to submit the bids (>=30 days) | Yes | 45 calendar days | |
| Tender documents detail the stages of the procurement process | Yes |
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| Clarification questions for procurement notice and/or the request for proposals | Yes | Answers are publicly disclosed | |
| Financial model submitted with proposal | Yes |
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| Proposals strictly and solely evaluated in accordance with published evaluation criteria | Yes |
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| Procedure when only one proposal is received | No |
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| Publication of award notice | Yes | Available online | |
| Notification of the result of the PPP procurement process | Yes | Includes grounds for selection | |
| Regulation of negotiations with the selected bidder before contract signing | Yes |
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| Publication of contract | Yes | Available online | |
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| Assessment to evaluate unsolicited proposals | Yes | Consistency with government priorities evaluated | |
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| Minimum period of time to submit the bids (>=90 days) | Yes | 45 calendar days | |
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| PPP Contract Management |
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| System to manage the implementation of the PPP contract | Yes | Contract management team | |
| Monitoring and evaluation system | Yes | The procuring authority gathers info | |
| Regulation of a change in the structure (i.e. stakeholder composition) of the private partner | Yes | Limitation to change the structure of the private partner during an initial period of time; Same qualifications legally required for the replacing entity | |
| Regulation of modification/renegotiation of the PPP contract (once the contract is signed) | Yes | Limitation to change the scope and/or object of the contract; Limitation to change the investment plan or duration of the contract | |
| Regulation of circumstances that may occur during the life of the PPP contract | Yes | Force majeure; Material adverse government action; Refinancing | |
| Dispute resolution mechanisms | Yes | Recourse to arbitration | |
| Lenders step-in right | No |
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| Grounds for termination of a PPP contract | Yes | Consequences of termination expressly regulated | |
