Common use of External Evaluation Clause in Contracts

External Evaluation. In line with good practice an independent external evaluation will be conducted four to five years after the Council’s establishment. This will include progress towards adhering towards the OECD principles and recommendations on way forward to further aspire to these. This evaluation could be undertaken by OECD or another independent Fiscal Institution which is now well established. Key stakeholders, in particular the Finance Committee, would be consulted on the process for appointing an external evaluator, and the Terms of Reference for the evaluation. Source: OECD, 2014, Recommendations on Principles for Independent Fiscal Institutions - ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/gov/budgeting/OECD-Recommendation-on-Principles-for-Independent- Fiscal-Institutions.pdf The twenty-two Principles for Independent Fiscal Institutions (fiscal councils and independent parliamentary budget offices) proposed below are grouped under nine broad headings: (1) local ownership; (2) independence and non-partisanship; (3) mandate; (4) resources; (5) relationship with the legislature; (6) access to information; (7) transparency; (8) communication; and (9) external evaluation.