5.1.3  Contract Expiry

The final task in the management of a Partnership Contract is to ensure a seamless handover of Assets at the end of the concession period. Depending upon the project-specific Method of Procurement, there might be conditions that need to be fulfilled regarding asset quality at the handover stage, related incentive payments or fines, and the need for formalised definitions of what constitutes said quality. It is worth considering the usage of independent assessors in order to determine such requirements in order to ensure fairness in evaluation and further contribute to private sector confidence.