PPPs, while bringing in private capital and experience, also involve the transfer of valuable public assets as well as foregoing future revenues in the form of concessions. To ensure that such arrangements always enjoy high credibility in the public mind, due diligence, transparency, objectivity and probity in the entire decision making process are all paramount if these arrangements are to succeed and continue for future projects. Given this fact, the post award contract management activities gain significance.
The post award contract management activities are spread throughout the project implementation period starting with the issue of letter of award to the successful bidder and culminate with the handover of the project assets to the public entity by the private partner. Unless a strong post award contract management setup for projects exists, it is difficult to manage the issues and concerns that arise during project execution.