1.2.2.2 Liquidated damages relief -

If the Private Partner is liable to pay liquidated damages to the Contracting Authority if it fails to meet certain construction phase milestones (such as the scheduled date for commencing operations), it will typically want to be expressly relieved from such requirement to the extent these relate to the obligations it is unable to fulfil due to the Force Majeure event. Market practice is to expressly provide for such relief upfront in the PPP Contract.