Asset monitoring

PPP assets should be monitored and reported upon periodically. Although the frequency of reporting may depend on specific contractual arrangements, public partner contract managers could review findings / recommendations on a quarterly basis. It is likely that such reporting frequency could be used as an 'early warning detection system' for alerting contract managers of potential or actual problems e.g. the condition of assets. Contract managers should seek assurance that any irregularities / adverse findings identified in the asset management reports have been resolved.