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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 Jordan, the Benchmarking Public Procurement team referred to Supplies Bylaws no 32 dated 1993, Instructions for the Regulation of Tenders? Procedures and Participation Conditions number 1 for the year 2008, Government Works Bylaws no 71 dated 1986, Instructions of Governmental Works? Tenders of the year 1987, Regulations of Supplies and Works of Greater Amman Municipality no 107 of 2009, Instructions for Regulating Tenders? Procedures and Works of Greater Amman Municipality of 2013, the Constitution of The Hashemite Kingdom of Jordan found at http://www.parliament.jo/en/node/150 , The Contract Agreement Book For Construction Projects/ 1999 and its amendment found at http://www.gtd.gov.jo/?page=en/legislation/category/6/Default.html , The Administrative Judiciary Law No. (27) dated 2014, and The Jordanian Arbitration Law found at http://www.wipo.int/wipolex/en/details.jsp?id=14967.
To conduct the analysis on Jordan, for the Public-Private Partnerships Procurement topic, the team referred to the Public Private Partnership Law No. 31 of 2014, the Regulation on Public Private Partnership Projects No. 98 of 2015, and Instructions for the Regulation of the Work of the Partnership Council.×