About TIFIA
Background Reference
TIFIA Oversight: Credit Instrument Life Cycle
The TIFIA project life cycle has two distinct phases (design/construction and post construction/operations) with different potential risks. The frequency or intervals for performing various monitoring and oversight activities is determined by the Oversight Team and reflected in the oversight and monitoring plan.
During the Design/Construction phase, the following oversight and monitoring efforts occur:
- On-site inspections
- Periodic meetings
- Disbursement approvals
- Project acceptance
Following substantial completion, oversight and monitoring efforts in the operations/post-construction phase include the following:
- Performance reporting
- Revenue realization
- Change reporting
- Compliance with credit agreement