Private sector bidders

2.2.8 Private sector providers who are interested in tendering for a PPP project should also have sufficient competencies to:

a) Understand the PPP model proposed by the public sector and the financial implications on the revenue, cost and cash-flow of the PPP provider;

b) Identify business opportunities and propose innovative solutions that can meet the public sector's needs;

c) Identify the responsibilities of the private sector in the PPP model proposed by the public sector;

d) Identify sources of financing which offer the lowest financing cost;

e) Structure and price a tender proposal that can meet Government's objectives with the best value for money while remaining profitable for the company; and

f) Manage the project (if awarded the PPP contract) to consistently meet agreed performance requirements.

2.2.9 Potential private providers for PPP projects can also consider engaging PPP advisors to assist in preparing the tender proposals if they do not have sufficient in-house competencies/experience to respond to PPP tenders.