swiss challenge definition
swiss challenge means a method of procurement in which an unsolicited proposal is received for a project that predominantly involves uniqueness and specificity of design/ technology/ intellectual property for that project and third parties are allowed to challenge the original proposal through open bidding, and then the original proponent is given a chance to counter-match the most advantageous/most competitive offer; and
swiss challenge means a method of bidding in which the PPP Secretariat allows other proponents submit similar proposals to an approved unsolicited proposal by an original proponent for a PPP project. If any proposal is better than the proposal of the original proponent, the original proponent is asked to match with the other proposal. Where this fails, the award is given to the best bidder;
swiss challenge means a method of bidding in which the PPP Secretariat allows other proponents submit similar proposals to an approved unsolicited proposal by an original proponent for a PPP project. If any proposal is better than the proposal of the original proponent, the original proponent is asked to match with the other proposal. Where this fails, the award is given to the best bidder; “transaction adviser” means a person or persons appointed in writing by an accounting officer or accounting authority of a public entity, who has or have appropriate skills and experience to assist and advise that public entity in connection with a PPP, including the design of contract award procedures and the preparation and conclusion of a PPP Agreement;“Value for money” means the consideration of a combination of the service outcome to be delivered by a private party with the value of risks transferred to it and the direct costs to the government and users, determined by the extent to which that combination results in a net benefit to the State through the project in terms of cost, price, quality, quantity, risk transfer or a combination there of, all of which may be expressed as the net present value of project lifetime costs, including the cost of bearing risk; and“Viable” in Sections 8 (2) and 32 (2) refers to the affordability and value for money for government and/or users as well as a reasonable return for private investors.
More Definitions of swiss challenge
swiss challenge means a public procurement process designed to encourage private sector initiatives to engage in PPP Projects. Under the Swiss Challenge tender process, if a relevant government agency wishes to proceed with a Project that was received as an