Recommendations in Drafting ToRs for Pre-Feasibility and Feasibility Studies
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On this page: Find sample clauses clearly specifying Commercial Value Capture (CVC) assessment in the TOR. Read more below, visit the Guidelines on Innovative Revenues for Infrastructure section or check the Content Outline.
Annex 3 of the Annex for IRI Guide: Drafting TOR of Pre-Feasibility and Feasibility Study with CVC In order for Project Owners to practically operationalize CVC, engaging a qualified expert and clearly specifying CVC assessment in the scope of work for the feasibility study are key steps. This section provides recommendations on suggested clauses on a CVC-related scope of work and expert qualifications to include in the TOR. Scope of Work Table below provides some suggested clauses to add CVC assessment in the scope of work of the TOR for a feasibility study based on the six steps of project level assessment discussed in the Guidelines. Identifying potential CVC for projects Readiness of enabling environment for CVC Review readiness of policy, legal and institution to implement identified CVC for the project. If gaps are identified, provide recommendation on how to address those gaps in order to implement CVC. Technical assessment of potential CVC Assessing commercial feasibility of CVC Planning for implementation Managing risks Personnel and Expert Requirements In addition to the scope of work, the TOR should include requirements for experts with experience in analysing and implementing commercial activities, for example:
Topic
Suggested Clauses to Include in the Scope of Work
The Guidelines on Innovative Revenues for Infrastructure (IRI) is intended to be a living document and will be reviewed at regular intervals. They 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 Innovative Revenues for Infrastructure section and the Content Outline, or Download the Full Report. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the Public-Private Partnership Resource Center at ppp@worldbank.org.
TABLE OF CONTENTS
I. Innovative Revenues for Infrastructure (IRI)
2. Introduction to Commercial Value Capture (CVC)
3. Applying CVC in Infrastructure Projects
3. Recommendations in Drafting ToRs with CVC
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