Glossary

Assets

Assets of the project

 

BCM

Base Case Model

 

Bid

Bid for the specific project

 

Bid Bond

The bond provided for the specified bid

 

Bidder

Advisor or Consortium of advisors bidding for a specific project

 

Bidding Process

The process of publishing a Tender and communicating with potential Bidders in order to identify a preferred Bidder

 

Capex

Capital expenditures related to the project

 

Consortium

A number of advisors committed to bidding together for a project

 

Contract Management

Management of the PPP contract as defined in Section 5

 

Credentials

Past qualifying experiences of Bidders

 

Deliverables

Outputs of a project

 

Department of Finance (DOF)

The Dubai Department of Finance

 

Deviations

Deviations from the Terms and Conditions specified in a Request for Proposal

 

Design and Build (DB)

Design and Build Public Private Partnership Procurement Contract

 

Design, Build, and Operate (DBO)

Design, Build, and Operate Public Private Partnership Procurement Contract

 

Design, Build, Operate, and Finance (DBFO)

Design, Build, Operate, and Finance Public Private Partnership Procurement Contract

 

Due Diligence

The process of validating inputs provided

 

EOI

Expression of Interest

 

Feasibility Study

Feasibility Study addressing the project

 

Final Approval

The Final Approval provided by the public entity for a specified project

 

Financial Audit Authority

The Financial Audit Authority is a public authority with the objectives: to audit public funds by verifying that they are legitimately and properly used and managed, to promote the principles of transparency and integrity; to combat all types, forms, and methods of financial and  administrative  corruption,  to  verify  that  the  administrative resolutions and procedures adopted by Auditees are in compliance with the legislation in force in the Emirate, to promote and ensure the implantation of effective accountability and to contribute in creation of a supportive audit and risk management environment in accordance with the law No. 4 of the year 2018 which grants the Authority the financial and administrative autonomy as a public authority affiliated to the Ruler

 

Government Entity (GE)

All entities that are subject to the general budget of the Government, or as otherwise approved by the Supreme Fiscal Committee

 

Interested Bidders

Any parties coming forward for a specified bid

 

IRR

Internal Rate of Return

 

Market Players

Any Players from the relevant industry including developers, investors, and banks etc.

 

Method of Procurement

Proposed method for procuring an asset or a service

 

NPV

Net Present Value

 

O&M

Operation and Maintenance

 

Partnership Committee

Committee formed by the Government Entity under the Article 11 of the PPP Law

 

Partnership Contract / Agreement

The contract signed between a public entity and a private sector entity

 

Partnership Contract Manager

A skilled manager appointed by the Government Entity who will function as the primary Point of Contact with the private sector partner

 

Performance Monitoring

Monitoring of private sector performance in delivering contracted partnership projects

 

Pipeline of Priority Projects

Planned important projects by Dubai Government Entities

 

Private Players

Any players who deemed to be interested in partnership with the government for the specific project

 

Point of Contact

Specified entity/person designated as primary Point of Contact for a specified project

 

PPP

Public Private Partnership

 

PPP Law

The Dubai Public Private Partnership Law No. (22) of 2015 Regulating PPP in the Emirate of Dubai

 

PPP Project

Public Private Partnership project

 

Partial Sale

Partial Privatisation of an asset or a service

 

PQQ

Pre-Qualification Questionnaire

 

Priority Projects

Projects identified as high priority by the Department of Finance - Dubai

 

Private Party

A private business entity conducting business in accordance with the laws of the UAE

 

Privatisation / Full Sale

Privatisation of an asset or a service where the government will no longer have control over

 

Probability of Occurrence

The chances of occurrence for a specified risk

 

Project Concept Report

A report which serves as an overview and brief description of the project

 

Project Lifecycle

The lifecycle of a PPP Project as defined in Section 1.5

 

Project Procurement Roadmap

Procurement Plan for a specific project

 

PSC

Public Sector Comparator

 

RFP

Request for Proposal

 

RFQ

Request for Qualifications

 

Risk Allocation

The Risk Allocation between the private and public parties in a PPP Project

 

Risk Premium

Additional cost to compensate for the risk

 

Screening

Validation of a project

 

SPV

Special Purpose Vehicle

 

Stakeholders

Parties involved in a project and/or have impact on a project

 

SOQ

Statement of Qualification

 

Supreme Fiscal Committee (SFC)

Dubai Government Supreme Fiscal Committee

 

Technical Advisor

The advisor put forward on a project to handle technical aspects of a procurement

 

Technical Envelope

Technical proposal submitted against a Request for a Proposal

 

Technical Evaluation

The process of evaluating and grading a technical proposal

 

Tender

A document put forward by a public entity requesting bids for a project

 

TOR

Terms of Reference

 

Threshold

Financial limit

 

Timeline

Specified Timeline for activities and milestones

 

Transaction Advisor

Consortium of Financial, Technical and legal advisors, assisting the Government Entity to evaluate and procure the project

 

UC

Unitary Charge

 

VFM

Value for Money

 

VFM Analysis

Value for Money analysis