This stage in the post award period is final stage of the project development process; it includes expiry of the agreement period until actual handover of the project asset by the private partner to the public entity. Prior to the completion of the agreement period, the following questions need to be answered by the public entity:
1. Is the public entity satisfied that the private partner performed all its contractual obligations as detailed in the contract?
2. Have all project related assets and resources been duly transferred to the public entity in good condition?
3. Has a vesting certificate been issued to the private partner by the public entity after handing over project assets?
Compliance with an exit management plan or a handover plan would be monitored at this stage of the post award period. Such a plan would usually form part of the concession agreement and both the public entity and the private partner are expected to perform their obligations in consonance with such plan.