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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 Uruguay, Benchmarking Public Procurement team referred to the Constitution of the Oriental Republic of Uruguay, Decree No. 150/012, Organized Text of Accounting and Administrative Financing (T.O.C.A.F.), Decree No. 257/015 Model Tender Documents for Public Works Contracts, Decree No. 155/013 on the National Supplier Registry, The Organic Law of Administrative High Court, The Law No. 15.869 of 1987 on Administrative Procedures, and the Law 16,736 dated 1996 on the National Budget.
To conduct the analysis on Uruguay, for the Public-Private Partnerships Procurement topic, the team referred to Law 18.786 - PPP Law, dated July 19, 2011, Decree No. 17/012 - PPP Regulatory Decree, dated January 26, 2012, Decree No. 280/012, dated August 24, 2012, Decree No. 251/015, dated September 14, 2015, Decrees No. 43/016, 20/016, 326/015, 181/015, 75/015, 357/014, 127/013 and 045/013, and the Guide for Recommendable Practices.×