3.1.16 To obtain value for money, there should be optimal, not maximum, transfer of responsibilities (and the associated risks) under the project - excessive transfer impairs value for money as the risk premium will be priced into the project by the PPP provider. Responsibilities and thus risks should be borne by the party best able to manage them.
3.1.17 It is essential that the existence of risks is recognised and that their occurrence and consequences are specified in the contract, where possible, to ensure that the PPP is sustainable over the contract duration.