Project Evaluation Forms for JVs (as of 29 October 2014)

NEDA project evaluation forms for joint venture arrangement

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JV-PE Form No. 1
General Information
1.

Project Title

2.

Description of Project1

Project description should include information on the following: (i) project’s objective (s); (ii) physical description; (iii) outputs; (iv)
context in the government entity's overall strategy/program; (v) consistency with mandate/charter and how the JV will contribute to enhance
the value of the corporation; (vi) project location; (vii) information on job creation/ employment impact of the project; and (viii) project’s
financial bid parameters.
1

Page 1 of 7

3.

Logical Framework2

Narrative Summary 3

Objectively Verifiable
Indicator (OVI)4
(2)

(1)

Means of Verification5

Important Assumption6

(3)

(4)

Impact7:
Outcome8:
Output9:

4.

Proposed length of concession/cooperation period: ______________________

5.

Total Project Costs

6.

Processing Schedule/ Implementation Schedule

P_______________

Exchange Rate______________

Processing

Target Date

Project Approval
Contract Award

Phase/Stage

Start of Construction
(Month/Year)

Target Date for
Completion of
Construction
(Month/Year)

Date of Financial
Closure10

I
II
III

2

This should be prepared by the concerned government entity in coordination with its mother agency.

3

A precise descriptive narrative statement in this order: noun-verb, or subject- predicate and should be in past tense (e.g., economy
improved, poverty reduced).
4

Performance standards which translate, describe, illustrate and explain the narrative summary into empirically observable, and objectively
verifiable measurements (e.g., Real gross domestic product growth in the Philippines increased by 12 percent, from 7.6 percent in 2010 to
8.5 percent in 2016.)
5

Methodology of collecting data, and types of reports that contain the data in the OVI (e.g., survey, statistical yearbooks, etc.)

6

Major/frame conditions (i.e., mostly economic and attitude) outside the direct control (i.e., external) of the project but have to be met or
held true if the project is to achieve its objectives (realization probable, relevant to success)
7

The benefits which are expected from the project for the targeted beneficiaries. This refers to the longer term objectives of the project or if a
Project is expected to contribute to the achievement of the goal, this project is just one of the many projects that will contribute to the
attainment of the Goal/Impact. The Goal will not be attained by this project alone. The Goal is likely to be attained after completion of this
project and has been operating for a considerable time.
8

A situation or change in the life of the project beneficiaries after they made use of the delivered project outputs.

9

Goods and services delivered by the Project, such as infrastructure, equipment, institutional strengthening (training) studies and policies.

10

If the private sector proponent borrowed money to undertake the project

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7.

Estimated Economic Life of Project: ____________________years

8.

Sponsoring Government-Owned or- Controlled Corporation(s)11
a.
b.
c.

9.

Risk Allocation Matrix
Nature of Risk

10.

Government

Private Sector

Maximum Government Exposure
Costs Sharing12

Proposed Government Undertaking
Asset (Please specify13)
Equity (Please specify14)

Prepared by
Cellphone Number
Telephone Number
Office Address
Date Prepared

:
:
:
:
:

_________________________
_________________________
_________________________
_________________________
_________________________

Please add information on the Government’s Proposed Role in the JV, e.g. will it be an equity partner (e.g. through provision of cash,
land, right-of-way) only or as part of the management of the company and proposed organizational/ management set-up for the JV.
11

12

Costs sharing should be indicated by years of project implementation or progress of work. The proponent should also clearly specify who
will shoulder transfer taxes (local or national) in the event the asset is transferred from the private entity to the government or vice versa, as
well as the taxes during project time (e.g. real property taxes for assets used in the JV).
13

Please provide detail of what is being contemplated as asset.

14

Please provide detail of what is being contemplated as equity, i.e. value of the property being contributed into the JV, amount of cash, etc.

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Project Evaluation Forms for Joint Venture Arrangement
JV- PE Form No. 2
Estimated Project Cost
The costs should be expressed in constant and current costs. Likewise, the assumptions for said costs,
i.e. base year, inflation rate etc. must be indicated.
Year 0
Year 1
Year 2 Year N
Total
1.

Development Costs

2.

Detailed Engineering Design Costs

3.

Financing Costs1

4.

Civil Works

5.

Land Acquisition Costs (including
resettlement costs), if applicable

6.

Other Investment Phase Costs

7. Total Costs (1-6)
8.

Working Capital (accounts receivables/
payables, cash balances)
9. Depreciation (economic life, depreciation
rate)
10. Taxes

List of Assumptions2:
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________

Prepared by
Cellphone Number
Telephone Number
Office Address
Date Prepared

1
2

:
:
:
:
:

The Department of Finance (DOF) shall have the final say on the financing costs.
Please include a list of assumptions used in estimating future project costs estimates.

Page 4 of 7

_________________________
_________________________
_________________________
_________________________
_________________________

Project Evaluation Forms for Joint Venture Arrangement
JV-PE Form No. 3
1. Project Revenue1
Project revenues/tariffs
a.
b.
c.
Year

Revenue/
Tariff1

Revenue/
Tariff 2

Revenue/
Tariff N

Total Revenues

1
2
3
4
5
N

List of Assumptions:
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________

2. Revenue/ Payment to Agency
a. Upfront Cash to agency
b. Fixed Payment to agency during term of JV
c. Variable Payment to agency (e.g., share in revenue by year)
d. Other payments to agency (indicate year)

Prepared by
Cellphone Number
Telephone Number
Office Address
Date Prepared

1

:_________________________
:_________________________
:_________________________
:_________________________
:_________________________

If revenue will come from sale of parcels of land, lease, etc., please include information on comparators.

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Project Evaluation Forms for Joint Venture Arrangement
JV- PE Form No. 4a
Estimated Financial Revenues and Costs
I.

Project revenues
Year

Revenue1

Revenue2

RevenueN

Total Revenue

Project costs
Year

Cost1

Cost2

CostN

Total Cost

1
2
3
4

N
II.
1
2
3
4

N
List of Assumptions1:
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________

Prepared by
Cellphone Number
Telephone Number
Office Address
Date Prepared

1

:_________________________
:_________________________
:_________________________
:_________________________
:_________________________

Please include a list of assumptions used in estimating future project revenues/costs estimates.

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Project Evaluation Forms for Joint Venture Arrangement
JV- PE Form No. 4b1
Estimated Economic Benefits and Costs
I.
Year
1
2
3
4

N

Project benefits
Benefits1

II.
Year
1
2
3
4

N

Project costs
Cost1

Benefits2

BenefitsN

Total Benefit

Cost2

CostN

Total Cost

1. Assumptions:
2. Indicate other benefits that may not be translated into monetary term, e.g. benefits that can only be
expressed in terms of quantity or percentage. Likewise, identify and enumerate unquantifiable
project benefits and provide explanation why it cannot be quantified.

Prepared by
Cellphone Number
Telephone Number
Office Address
Date Prepared

1

As applicable.

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:
:
:
:
:

_________________________
_________________________
_________________________
_________________________
_________________________