pppcontracttemplateen.docx
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pppcontracttemplateen.docx
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pppcontracttemplateen
SupplementNo.(Q)
StandardPPPContract
PreparedBy:
DocumentVersion:
Date:
1TemplateIntroduction
ThetemplatewillpresentasetofstandardprovisionsforPPPContracts.
ThethreeprimaryobjectivesindevelopingaPPPContractTemplateareto:
∙CreateacommonunderstandingamongagenciesabouttherisksandkeyconsiderationstoaddressinaPPPContract;
∙ReducethetimeandcostsofnegotiatingPPPContracts;and
∙Createatooltohelpstandardizebasicprovisions,totheextentpossible,withinPPPContractsamongagenciesinKSA.
Ingeneral,thesestandardprovisionswillbethebasisforadraftPPPContractthatshouldbepartofthebidpackage(togetherwiththeRFPandsupportingdocumentation)tobeapprovedforthetenderprocessforanyproposedPPPproject.
ItmustberememberedthatthesuitabilityofvarioustermsandconditionsmustbedeterminedforeachPPPprojectindividually.Thisconsiderationisanimportantpartofanagency’soverallprojectdesignandappraisalofbidders’proposals.
Inaddition,itiscommonpracticegloballyforagenciestoretainqualifiedadviserstoassistwiththedevelopmentandfinalizationofPPPContracts.
Thetemplatewillgivedirectionsandinstructionsonhowtowriteandwhattoincludeineachclause.Ifitispossible,anexampleclauseisprovided.Someclauseswillnothaveexamplesasthesevarygreatlyfromoneprojecttoanother.
Theexampleclauseincludesentriesinbluecolorbetweensquarebracketstobechangedbywhomispreparingthetemplateandthevaluesprovidedinbluearejustexamplesandshallbechangedtoreflecttheconditionsoftheproject.
TABLEOFCONTENTS
1TemplateIntroduction2
2Definitions5
3interpretations6
4DurationofPPPContract7
5Agency'srolepriortoservicecommencement8
6CriticalDates9
7submissionofdesignsandinformationtoagency10
8Warranties11
8.1PrivatePartnerWarranties11
8.2Agency'sWarranties12
9performancemonitoring13
9.1PerformanceLevels13
9.2MonitoringMethodology13
9.3CommencementofPerformanceMonitoring14
9.4PerformanceMonitoringCost14
9.5QualitativePerformanceFactors14
9.6Reporting15
9.7Consequences15
10maintenance16
10.1GeneralMaintenance16
10.2MaintenanceSurvey17
11changesinservices18
11.1NotificationandSpecification18
11.2PrivatePartnerEstimate19
11.3AgencyApproval19
11.4ChangeImplementation19
12Protectionagainstlate/sub-standardservicedelivery20
13serviceinterruptionsduetosupervenningevents21
13.1CompensationEvents21
13.2ReliefEvents23
13.3ForceMajeureEvents24
14priceandpaymentmechanisms25
15auditingoftheprojectbytheagency27
16consequencesofpoorperformance28
17changeinlaw29
18EarlyterminationofPPPContract30
18.1EarlyTerminationforAgencyDefault30
18.2EarlyTerminationforPrivatePartnerDefault31
18.3EarlyTerminationforForceMajeure32
18.4EarlyTerminationforCorruptActs32
19Handback35
20privatePartnerindemnities36
21informationandconfidentiality37
22intellectualpropertyrights38
23disputeresolution40
2Definitions
ExampleDefinitionsusedinthistemplatePPPContract
Definitions
InthisPPPContract,unlessthecontextotherwiserequires,thefollowingcapitalizedtermsshallhavethemeaningassignedtothembelow:
Agency
TheSaudigovernmentbodyinterestedinthePPPProject;
BusinessDay
AnydayexceptThursdayandFridayoranypublicholiday;
ExpiryDate
The[xth]anniversaryofthe[SignatureDate];
Lenders
Anyorganization,person,orcompanyprovidingfinancingtothePrivatePartyunderafinancingContract;
Parties
TheAgencyandthePrivatePartner;
PaymentDeductions
TheAvailabilityandthePerformancededuction;
PPPContract
ThisPublicPrivatePartnershipPPPContractbetweentheParties;
ProjectAssets
Allassetsasrequiredtodesign,construct,install,operate,and/ormaintaintheprojectincludingfacilities,booksandrecords,sparepartsandtools,IntellectualProperties,andanyagencyassets;
ProjectDeliverables
AllthedeliverablesthatthePrivatePartnerissupposedtodevelopunderthetermsofthisContract
ServiceCommencement
TheactualcommencementoftheServices;
ServiceCommencementDate
ThedateofServiceCommencement;
Services
TheservicestobeprovidedbythePrivatePartnertotheAgency;
SignatureDate
ThedateofsigningthisPPPContractbythelastsigningParty;
Sub-Partner
Thecounter-partiesofthePrivatePartner;.
UnitaryPayment
ThechargespayabletothePrivatePartnerinconnectionwithperformingitsobligationsincludedintheProjectDeliverables;
3interpretations
4DurationofPPPContract
ThePPPContractmustspecifyitsduration.AlongwithspecifyingthedurationofthePPPContract,otherdifferentdatesshallbespecifiedinthisclause: ∙SignatureDate ∙ServiceCommencementDate: Thedateatwhichtheservicedeliverystarts ∙LongStopDate: Itisalateservicecommencementdate;non-fulfillmentofitmayentitletheAgencytoimmediatelyterminatethePPPContract. ∙ExpiryDate: Thedatespecifiedatthetimeofsigningthiscontractforwhichthecontractwillterminate. SpecifyingtheDurationofthePPPContractisinfluencedbymanyfactorsthatmayleadtolongerorshorterdurations. Someofthefactorsthatinfluencethedurationare: ∙TherequirementsoftheAgencyintermsofServices,themorecomplexthelongerthedurationis. ∙TheaffordabilityoftheservicesfortheAgencyintermsoffinancialconstraintsandbudgets.LongerperiodsaremoreaffordableasthisreducestheUnitaryPayments. ∙TheneedforamajorrefurbishmentorreplacementprogramsinrespecttoProjectAssetsovertheProjectTerm. ∙Thetermofthedebt,wherealongerdebtserviceperiodleadstoalongerduration.> ExampleStandardClause 4.1ThisPPPContractandtherightsandobligationsofthePartiesunderthisPPPContractshalltakeeffectontheSignatureDate. 4.2TheServicePeriodshallcommenceontheServiceCommencementDateandterminateontheearlieroftheExpiryDateandtheTerminationDate. 5Agency'srolepriortoservicecommencement TheAgency'sroleaftertheSignatureDateandbeforetheServiceCommencementDatecanbe(assumingthereisadesignandconstructionphase): ∙Reviewingandcommentingon,butnotapproving,anychangesinthePrivatePartner'sdesign.ThecostsofthenewdesignsshallbebornebythePrivatePartner. ∙Reviewingtestsofanydocumentbeingdeveloped. ∙ReviewingPrivatePartner'sactivitieslikequalitymanagementwhichneedtobepre-agreedandincorporatedinthePPPContract.> 6CriticalDates Thisclausespecifiesadatewhereitisunacceptabletostarttheservicebeyond.IfthePrivatePartnerisunabletostarttheservicebeforethisdate,thenterminationofthePPPContractisanoptionfortheAgency. TheAgencyshouldhaveacontingencyplaninthiscase.ItshouldbementionedinthispartofthePPPContractthatallthecostsincurredbecausethePrivatePartnerisnotabletomeetthiscriticaldateshouldbecarriedbythePrivatePartner.> 7submissionofdesignsandinformationtoagency ThePPPContractshouldmentionamechanismthatfacilitates: ∙ThesubmissionofkeyaspectsanddesignsoftheprojectbythePrivatePartnertotheAgencyandincludingthemasannexesofthisPPPContract. ∙TheAgencyhastherighttoreviewandcommentonsubmitteddesignstoensurethatthoseservethedesiredoutputspecifications. ∙ThePrivatePartnershouldhaveamechanismtosubmitminorchangestodesignsthatdonotleadtochangesinservice(SeeClause11: ChangesinServices).> 8Warranties Themajorissuestoconsiderwhenwritingthewarrantiesprovisionsare: ∙AbreachofwarrantyinthePPPContractshouldnotmeanaterminationofthePPPContractagainstthedefaultingParty.Instead,abreachofwarrantyshouldgiverisetoaclaimfordamagesundertheindemnityprovisionsofthePPPContract. ∙Warrantiesaregivenfrombothsides,thePrivatePartnerandtheAgency. ∙Inordertoshowitsgoodfaith,andgivethePrivatePartnersomecomfort,theAgencyshouldconsideronaproject-by-projectbasiswhetherornottowarrantthatithasnotknowinglyomittedtodiscloseanyimportantinformationabouttheprojectandtheassetsinitspossessionorunderitscontrol. ∙InformationwarrantiesaboutexistingfacilitiesandservicesaretobegivenbytheAgencyiftheAgencyistheonlysourceofsuchinformationandthatinformationcannotbeindependentlyverified. ∙WhentheAgencyisnottheonlysourceofinformationortheinformationcanbeindependentlyverified,thentheAgencymustnotgiveanywarrantiesregardingthatinformation.InsteadthePrivatePartnershallrelyonitsduedilige
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