Structure of a Transaction Adviser

The transaction adviser is typically the consortium of professional consultants from one or more firms who works collectively as a team to see the successful implementation of PPP projects. The contracting authority enters a contract with the firm on the case of a single provider or on a lead firm in the case of consortium of firms.

If in case of consortium of firms, the firms take part via subcontracts with the lead firm or on a joint venture basis. Whatever the configuration of firms and contracting arrangements, the transaction adviser must always have a capable and experienced team leader who will be the man responsible for managing the work of the transaction advisory team.

The transaction adviser does all the detailed financial, technical and legal work required to support the contracting authority to prepare and procure the PPP project

Skills and Experience required in PPP transaction adviser
The professional skills and experience required of transaction adviser are typically in:
1. Project Finance.
2. Insurance.
3. PPP procurement management.
4. Project Management
5. All technical disciplines relevant to the particular project sector e.g. facility management

The transaction adviser has to be sufficiently competent to cost effectively complete the work necessary for contracting authority to meet the requirements of each approval stage up to the financial clause at the end of the procurement.

Advantages of using the transaction adviser
1. Expertise in similar transaction.
2. Protection against very costly and avoidable mistakes.
3. Appropriate project structuring experience.
4. Technical strength to the institutions team.
5. Enhancement of investor confidence.
6. Specialized financial, legal and technical skills.
7. Access national and international best practice.

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