SUMMARY LESSONS LEARNED

•  Contemplating known changes to the scope of work early (even where the costs are not known) makes it helpful to manage once the costs become known.

•  Poor document control management can slow down and create inefficiencies during transition periods.

•  Inadequate timing for approvals of change orders may lead to delays and create tension in the relationship between the Project Company and the Procuring Authority.

•  Building on relationships with all relevant stakeholders can assist in managing issues with permitting in an efficient manner.

•  The Project Company may need time to adjust into the operations phase and become fully compliant with its operational KPIs.

•  Failure to meet KPIs may require proactive management from both parties to resolve the cause of non-compliance.

•  Creating a working group and appointing a financial advisor during a refinancing can assist the Procuring Authority to attain a positive outcome from a refinancing of the Project Company.