Section 3 in Tamil Nadu Infrastructure Development Board Regulations, 2013
3. Definitions.
- In these regulations, unless the context otherwise requires -(a)"Act" means the Tamil Nadu Infrastructure Development Act, 2012 (Tamil Nadu Act 22 of 2012);(b)"Achievement and Exception Report" means the report submitted to the Government or the Board or both by the procuring entity in accordance with regulation 18;(c)"Board" means the Tamil Nadu Infrastructure Development Board;(d)"CEO" means Chief Executive Officer of the Board;(e)"Project Concept Note" means a note containing preliminary information about the proposed Project prepared in accordance with regulation 7;(f)"Public Sector Comparator" is the estimate of the hypothetical risk-adjusted life cycle cost of a project if it were to be financed, owned and implemented solely by the Government or a public agency;(g)"Request for Expression of Interest (REOI)" shall have the same meaning as under the Tamil Nadu Transparency in Tenders (Public Private Partnership) Rules, 2012;(h)"Request for Qualification" shall have the same meaning as under the Tamil Nadu Transparency in Tenders (Public Private Partnership) Rules, 2012;(i)"Rules" means The Tamil Nadu Infrastructure Development Rules, 2012;(j)"Transaction Advisor" means an independent consultant who advises on the process of structuring of a project, its tendering and assists the public agency or sponsoring agency upto the stage of award of the tender or signing of the concession agreement as the case may be;(k)"Value for Money Assessment" (VFM) means the quantitative and qualitative assessment of the costs and benefits associated with a project undertaken in accordance with regulation 11. VFM is used to establish whether implementing a project in the Public Private Partnership mode is an economically optimal proposition for the Government or the public agency. VFM takes into account direct and indirect project execution costs, financing costs, transaction costs, cost of asset transfer on project completion, project monitoring costs and a cost estimation of the possible risks thereof;
