• Body of Knowledge:
    Structuring and Drafting the Tender and Contract
    5.1 Introduction
    Risk allocation: definition and rationale Risk allocation is the exercise to define which party will assume each risk, identifying which risks the private partner will be (or remain) responsible for and to what extent, and identifying which risks the public partner will be responsible for and to...
  • Body of Knowledge:
    PPP Introduction and Overview
    5.4. Disadvantages and Pitfalls of the PPP Option
    In addition to offering benefits and advantages, PPPs are also a procurement option, however, one that has weak spots and potential disadvantages. PPPs are significantly more complex than traditional procurement methods. Consequently, there is a significant risk in sinking resources into unworthy...
  • Body of Knowledge:
    Appraising PPP Projects
    16.2 Assessing Value for Money
    The VfM analysis compares the relative merits of PPP procurement against one or more other procurement routes, usually traditional public finance. This can be done using quantitative analysis, qualitative analysis, or both. Some frameworks focus on quantitative analysis, requiring a comparison of...