Mr. Brian Murphy:

The PPP project agreement provides for the continuing management of maintenance and life-cycle operations - the provision of soft services or hard services, whichever it may be. The payment mechanism that we design and build, which is very much a part of the PPP process, reflects all the monetary-related conditions within the project agreement. That payment mechanism governs the administration of the contract. In other words, every month an invoice is raised with reference to this payment mechanism and it will reflect, in the case of an availability-based project, deductions for non-availability or for non-performance. The secret to generating continuing value for money is effective contract management and the contract needs to be designed to reflect that. Within our agreements there is provision for periodic market testing, perhaps every five years, for certain services. We have assisted a number of agencies which were considering reviewing this market testing, and have succeeded in getting various deductions and price adjustments in respect of those services.