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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 Sierra Leone, the Benchmarking Public Procurement team referred to Government Procurement Act, Government Procurement Regulations dated 2014, and Government Procurement Order found at: http://statutes.agc.gov.sg/aol/home.w3p.
To conduct the analysis on Singapore, for the Public-Private Partnerships Procurement topic, the team referred to Public Private Partnership Handbook, dated March 2, 2012, the Government Procurement Act (Chapter 120) - Act 14 of 1997, dated May 30, 1998, the Government Procurement (Challenge Proceedings) Regulations RG 1 G.N. No. s 215/2002, dated February 29, 2004, the Government Procurement (Application) Order 1 G.N. No. s 217/2002, dated February 29, 2004, and the Government Procurement Regulations No. S 269/2014, dated April 4, 2014.×