Investment Projects, Business Armenia Rose Art | Page 11

Roles and Responsibilities
Party
Development Foundation of
Armenia (DFA)
Involvement
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Rose Art 
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Private Investor 
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ONE STOP SHOP services for investors
Coordination between parties
Providing risk mitigation
Accounting and auditing
Oversight implementation and management
Secure technical and environmental
approval
Ensure compliance with covenants
Invite bids and prepare bid evaluation
reports for investor approval
Award contracts
Oversee work of contracts
Reporting
Responsible for the purchase
Ensure financial support
Oversight according to the finance/loan
agreements
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