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Type of Resource

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TABLE OF CONTENTS

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I. GUIDELINES FOR IMPLEMENTING ASSET RECYCLING

1. Executive Summary

2. Structure of Guidelines

3. Guidelines for Asset Identification

4. Project Preparation

5. Tendering Process

6. Financing Options/Instruments

7. Contract Management

• Understand the Stakeholders and the Contracts in Asset Recycling

• Establish the Contract Management Team in Asset Recycling

• Identify Contract Management Team Responsibilities in Asset Recycling

• Develop the Contract Management Plan in Asset Recycling

• Monitoring and Reporting Strategy in Asset Recycling

• Performance Monitoring Process in Asset Recycling

• Penalties for Non-delivery in Asset Recycling

• Hand-back Procedure in Asset Recycling

• Dispute Resolution in Asset Recycling

8. Utilization of Proceeds

II. ANNEX IN ASSET RECYCLING

III. CASE STUDIES

IV. TOOLS AND REFERENCES

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Hand-back Procedure in Asset Recycling

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On this page: The contract management team needs to monitor the private sector’s compliance with the exit obligations under the transaction contract. Find more below, or visit the Guidelines for Implementing Asset Recycling Transactions section and Content Outline, or Download the Full Report.

At the end of the concession or lease term, there should be a set of obligations that both the private sector and the Relevant Authority have to fulfil. The contract management team needs to monitor the private sector’s compliance with the exit obligations under the transaction contract.

The contract management team should manage the handover of relevant documents and records. Further at this stage, the contract management team should plan for the continuity of service delivery and maintenance of service standards.

The project contract should include well-defined performance standards for the asset at the time of handover. In case of sub-optimal asset quality at handover, procedures should be defined to determine the assessment of actual quality and the rectification cost payable. This may involve an independent process to conduct handover checks.

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Note(s):

The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions To find more, visit the Guidelines to Implementing Asset Recycling Transactions Section Overview and Content Outline, or Download the Full Report.