pppcontracttemplateen.docx

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