The National Treasury office building. The Treasury has doubled the limit of fees payable to transaction advisers behind successful public-private-partnership(PPP) projects, a strategy aimed at boosting the implementation of such multi-billion shilling ventures.
In the new rules, Treasury has capped the success fee at 1 per cent of a project cost.
The consultant is paid a success fee upon the positive outcome of the project.
If the outcome is not positive, there is no obligation to pay the fee. It serves as motivation to the consultants or advisers to do their best and earn the maximum.
The Treasury has doubled the limit of fees payable to transaction advisers behind successful public-private-partnership (PPP) projects, a strategy aimed at boosting the implementation of such multi-billion shilling ventures.
A success fee is a conditional agreement whereby a consultant or adviser is paid a set rate if a PPP project’s outcome is positive.
