Together, these provisions define the allocation of risks within the framework of the treaty. It goes without saying that the objective must be to design these provisions so that the chosen risk allocation (as described in the P3 structure) is achieved. The accommodation mechanisms and dispute resolution provisions are intended to avoid the need for renegotiations by allowing for the amendment and resolution of problems within the treaty. In addition to the PPP contract, there will also be numerous contracts between the SPV and its suppliers and financiers. These include financing agreements between the SPV and its lenders, as well as shareholder agreements between equity investors (see how to finance PPPs to learn more about the structure of PPP contracts). The PPP contract can only enter into force when these other contractual agreements are in effect. The EPEC Guidelines Guide (EPEC 2011b, 23) lists the themes that should be addressed in a standard PPP contract – examples of standardized PPP contracts and contractual clauses contain other examples. The PPIAF Toolkit for PPP in Highways (WB 2009a) section on contracts describes the extent of contractual agreements that are generally required for different types of PPPs. The proposed PPP contract is generally included in the PSR sent to potential bidders. In some cases, the PPP contract issued with the PSR cannot be changed. In other cases, it may be modified because of interaction with bidders during the transaction process. The Australia National PPP Guidelines (AU 2015) and South Africa PPP Manual (ZA 2004a) roadmap provide an overview of the evolution of PPP contracts and how they are progressing at each stage of PPP implementation. The text of the contractual agreement is usually divided into several sections or chapters, each devoted to a particular issue.
The main part of the agreement may be accompanied by one or more annexes or calendars. These schedules or schedules provide more detail on specific issues, including technical specifications and project performance specifications.B. Then, it is briefly mentioned the common key parts of an agreement and the nature of its content: the PPP contract is at the heart of the partnership, defining the relationship between the parties, their respective rights and responsibilities, the allocation of risks and the establishment of change management mechanisms. In practice, the PPP contract may include several documents and agreements, as described in which PPP contract? Description of standard agreements for PPPs in a series of definitions and interpretations of transport. This section contains operational definitions and interpretations of the terms (for example. B accounting exercise, agency, authority, book value, concession, contractor, financial accounts, industry best practices, ministry, terminal, etc.) used in the contract document and requires a clear understanding. It can also determine what predominates if possible discrepancies or ambiguities are taken into account in the text of the agreement. At the national level, many countries have developed standard tender documents, standard contracts or turnkey contractual clauses, as well as instructions. These include a series of jurisdictions with extensive PPP programmes such as the United Kingdom, Australia and South Africa.