1818 H Street NW
Washington, DC 20433 USA
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For the purpose of this questionnaire, and in accordance with the International Monetary Fund’s definition (https://www.imf.org/external/np/sta/di/glossary.pdf), a foreign firm is a foreign-owned domestically incorporated enterprise (e.g. subsidiaries) in which a foreign investor owns 10 percent or more of the ordinary shares or voting power.)×
Material Adverse Government Action means any act or omission by the procuring authority or other relevant authority, which occurs during the term of the PPP Contract and which has a material adverse effect on (i) the ability of the PPPCo to comply with any of its material obligations under this PPP Contract and/or (ii) the cost or the profits arising from such performance.)×
A financial model is an analytical tool that allows the user to assess the financial robustness of the project by representing its expected financial performance, including cash flows, returns, etc. Not to be confused with a financial proposal.)×
To conduct the analysis on Dominican Republic, the Benchmarking Public Procurement team referred to Law No.340-06 on Procurements and Contracting of Goods, Services, Works and Concessions dated August 18th, 2006, Law No.322, dated June 2th, 1981, on the Participation of Foreign Companies in the Contracting and Execution of Construction Projects of the Dominican State, Decree No.543-12 of Rules of Application of the Law Nr.340-06, dated September 6th, 2012, Law No. 13-07 dated as of October 25, 2006, Law 107-13 that governs the Rights and Duties of persons in relation with the Public Administration, Decree No.578-86 that Regulates the Participation of Foreign Individuals or Companies in Construction Projects ordered by the Dominican State, dated June 2th, 1986, and Decree No.164-13 that orders to States Enterprises to Buy to Micro, Small and Medium Enterprises dated June 10th, 2013.
To conduct the analysis on Dominican Republic, for the Public-Private Partnerships Procurement topic, the team referred to Law No. 340-06 of August 18, 2006 on "Public Procurement of Goods, Services and Concessions", Law No. 449-06 of December 6, 2006, Law 340-06, Ruling of Application of the Law, Decree No. 543-12 of September 6, 2012, and Law 189-11 on "Development of Mortgage Market and Trusts in the Dominican Republic".×