The public entity must ensure that all the necessary approvals are obtained prior to starting the bid process for selecting the private partner and also before executing the project agreement between the public entity and the private partner. This is because PPPs involve contingent liabilities and the public entity must make adequate provisions to bear the risks associated with such liabilities in future. All recommendations of the Government pertaining to the economic and commercial aspects of the project must be duly considered by the public entity to bid. The Government also needs to make provisions for revenue guarantees and other contingent liabilities from its budgetary allocations.