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Industry Best Practices Flashcards

7 cards from real CP3P practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Industry Best Practices flashcards as text

  1. In best-practice PPP project preparation, what does a feasibility study primarily establish?

    Answer: Technical, economic, financial, legal, and environmental viability of the project

    Feasibility studies confirm the project is viable across multiple dimensions before PPP procurement is pursued.

  2. A contract includes a clear change mechanism for authority-requested variations. Why is this best practice?

    Answer: It provides a transparent, pre-agreed process for pricing and implementing changes over a long term

    Long-term contracts inevitably need changes, and a predefined mechanism limits disputes and opportunistic pricing.

  3. Which is considered a best practice for handback at the end of a PPP contract term?

    Answer: Handback requirements specifying asset condition, with inspections and retention or reserve mechanisms

    Defined handback standards and security such as retentions ensure the asset returns to the public in the agreed condition.

  4. Why is early and ongoing stakeholder engagement considered a PPP best practice?

    Answer: It reduces opposition, surfaces concerns early, and improves project legitimacy

    Engaging affected communities and users early helps identify issues and build support, reducing delays and political risk.

  5. What is the best-practice approach to evaluating PPP bids?

    Answer: Apply pre-announced, objective criteria that balance technical quality and price

    Publishing objective evaluation criteria in advance ensures fairness and supports selection of the most advantageous bid.

  6. A government is considering a PPP mainly to move debt off its balance sheet. What does best practice say?

    Answer: The decision should be driven by value for money, not accounting treatment

    Choosing PPPs for accounting reasons rather than value for money can hide liabilities and produce poor outcomes.

  7. What is the purpose of independent gateway or assurance reviews at key PPP milestones?

    Answer: To provide an objective check on readiness and quality before major decisions

    Gateway reviews provide independent scrutiny at decision points, catching weaknesses before they become costly.