The formulation of the GPRAM was based on the results of the studies under the Philippines-Australia Partnership for Economic Governance Reforms (PEGR) Facility. It was adopted by the Investment Coordination Committee (ICC)-Cabinet Committee on 07 December 2010. Several modification were made on the matrix and were noted by the ICC Cabinet Committee in the years 2014 and 2016.
The GPRAM identifies the party that could best handle the risks involved in undertaking a PPP project including some proposed mitigating strategies and contractual provision for each risk. It is intended to be recommendatory and envisioned to serve as reference of the ICC and the proponent agencies in the ICC review of PPP projects.
The Investment Coordination Committee-Cabinet Committee (ICC-CC), during its meeting on 25 April 2016, adopted the recommendations of the Public-Private Partnership (PPP) Governing Board on 07 March 2016 to modify certain provisions on the updated GPRAM, as of 22 December 2014.