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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 Morocco, Benchmarking Public Procurement team referred to Decree on public procurement (D�cret n 2-12-349 du 8 Joumada I 1434 (20/03/2013) relatif aux march�s publics), decree related to payment times and suspended interests (D�cret 2-03-703 relatif aux d�lais de paiement et aux int�r�ts moratoires en mati�re de march�s de l'Etat), General administrative clauses for Works (D�cret n� 2-99-1087 du 29 moharrem 1421 (04/05/2000) approuvant le cahier des clauses administratives g�n�rales applicables aux march�s de travaux ex�cut�s pour le compte de l'Etat. B.O. n� 4800 du 01/06/2000 - hereinafter "CCAG-T"); The following texts are also applicable: Reform on the Markets Committee:D�cret n 2-14-867 du 7 hija 1436 (21/09/2015) relatif � la commission nationale de la commande Publique; Arr�t� du Ministre de l'Int�rieur n 3576-13 du 6 Safar 1435 (10/12/2013) fixant le nombre et la qualit� des membres du comit� du suivi des march�s des r�gions, des provinces et des communes ainsi que son organisation et les modalit�s de son fonctionnement; Loi n� 41-90 instituant les tribunaux administratifs (promulgu�e par le Dahir n� 1-91-225 du 22 rebia I 1414 (10 septembre 1993)); Dahir n� 1-06-07 du 15 moharrem 1427 portant promulgation de la loi n� 80-03 instituant des cours d'appel administratives.
To conduct the analysis on Morocco, for the Public-Private Partnerships Procurement topic, the team referred to Law No. 86-12 of December 24, 2014 - Official Bulletin No. 6332 of February 5, 2015, Decree No. 2-15-45 of May 13, 2015 - Official Bulletin No. 6365 of October 1, 2015, Law No. 54-05 of February 14, 2006 - Official Bulletin No. 5404 of March 16, 2006, Decree No. 2-06-362 of August 9, 2006 - Official Bulletin No. 5454 of September 7, 2006, the 2015 Regulatory Framework on PPPs, Law No. 4-89 on "Motorways", dated August 6, 1992, Law No. 15-02 on "Ports and Creating the Ports National Agency and the Ports Operating Company, dated November 23, 2005, Law No. 52-02 on "Organization and Operation of the National Railway Network, dated January 7, 2005, Law No. 25-79 on "Airports National Office", Law No. 14-89 and Law No. 1-93-140.×