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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 Italy, the Benchmarking Public Procurement team referred to Public Procurement Code dated 2016 found at http://bit.ly/1W2hkTB and Code of Administrative Trial "Legislative Decree 104/2010" found at http://bit.ly/1SXuPUq.
To conduct the analysis on Italy, for the Public-Private Partnerships Procurement topic, the team referred to Legislative Decree No. 163/2006 on "Code of Public Contracts regarding Works, Services and Supplies Implementing Directives 2004/17/EC and 2004/18/EC", Legislative Decree April 12, 2006, Legislative Decree No. 152/2008, Law Decree No. 70/2011, Law No. 106/2011, Law Decree No. 83/2012, Law No. 134/2012, Law Decree No. 69/2013, Law No. 98/2013, Law Decree No. 133/2014, Law No. 164/2014, and the Presidential Decree No. 207/2010 on "Implementation of the Legislative Decree April 12, 2006".×