Forecasting and Controlling Financial Risk in Concession Contracts

The purpose of this research is to demonstrate the existence of a regulation in the Colombian public law in charge of controlling and mitigating the financial risk in the concession regime of public works in the road sector. In this way, an analysis of the most important laws that have regulated the concession regime of public works in the road sector will be made in order to demonstrate that there is a solid public policy that has led to the implementation of a coherent strategy resulting from the experience and evolution for the control of this type of contractual risks, a policy that has become evident not only in traditional laws of public procurement, but has also been present in the same law of public-private partnerships.