Making Changes In Operational Pfi Projects

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Making Changes In Operational Pfi Projects

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Author : Great Britain: National Audit Office
language : en
Publisher: The Stationery Office
Release Date : 2008-01-17

Making Changes In Operational Pfi Projects written by Great Britain: National Audit Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-17 with Business & Economics categories.

This NAO report forms part of a number of NAO reports looking at PFI (Private Finance Initiative) projects undertaken across the public sector. PFIs are contractual arrangements with private sector companies to design, build, finance and operate institutions such as schools and hospitals. At present there are over 500 operational projects throughout the UK, with a combined capital of £44 billion. It is also estimated that including future payments, with many projects running up until 2031-32, capital will rise to £91 billion. Given the length of many of the contracts, it is inevitable that operational changes to services will be required, so it is important that PFI contracts have flexibility, with built in value for money. The report is divided into three parts, with appendices. The NAO has set out a number of finding including: that PFI deals are offering sufficient flexibility to the public sector; that some projects achieve better value than others, but that (i) higher value changes were not always competitively tendered; (ii) for minor works, there was little consistency in the methods used by the public sector; (iii) that the cost of replacing items throughout the life of the contract was also inconsistently applied; (iv) that contractors had often charged additional fees, which were not specified in the original contract. The NAO recommendations, include: where there is a relevant contract clause, competitive tendering should be undertaken; for existing contract deals, authorities employing contractors need to put in place consistent and robust means to validate the costs of small changes; public authorities should explore with their private sector partners the feasibility of clarifying current contracts, so they follow current best practice; contract management should be properly resourced in order to manage the change process. Public sector authorities could improve value for money of operational changes by: adopting a strategic approach to changes; keeping a good permanent record of changes and payments made; fostering open lines of communication with front-line users and other stakeholders as well as the PFI contractor.

Lessons From Pfi And Other Projects

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Author : Great Britain: National Audit Office
language : en
Publisher: The Stationery Office
Release Date : 2011-04-28

Lessons From Pfi And Other Projects written by Great Britain: National Audit Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-28 with Business & Economics categories.

Lessons from the experience of using PFI can be applied to improve other forms of procurement and help Government achieve its aim of securing annual infrastructure delivery cost savings of £2 billion to £3 billion. To secure the best value for money from all types of procurement, the public sector needs to develop skills the NAO has identified. These are collecting better data to inform decision-making; ensuring projects have the right skills; establishing effective arrangements to test, challenge and, if necessary, stop projects; and using commercial awareness to obtain better deals. The case for using private finance in public procurement needs to be challenged more. Also, privately financed projects will often still be off balance-sheet which may continue to act as an incentive to use PFI. There has not been a systematic value for money evaluation of operational PFI projects by departments. So there is insufficient data to demonstrate whether the use of private finance has led to better or worse value for money than other forms of procurement. The Treasury and departments should identify alternative methods for delivering infrastructure and related facilities services to maximise value for money for government. The NAO welcomes the current plans of the Treasury and Cabinet Office to strengthen project assurance. The report highlights the need for independent challenge capable of stopping projects which do not give the prospect of value for money. This is particularly important as there is still a shortage of the skills needed to manage and oversee complex major projects.

Private Finance Projects And Off Balance Sheet Debt

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Author : Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs
language : en
Publisher: The Stationery Office
Release Date : 2010-03-17

Private Finance Projects And Off Balance Sheet Debt written by Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-17 with Business & Economics categories.

A report that recommends a reform of the way, financial liabilities arising from private finance projects (PFPs) are treated in public accounts. It also deals with the growth in the secondary market for PFPs where investors sell on their stake in a project, in many cases once the construction period of that project has been completed.

Construction Economics

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Author : Danny Myers
language : en
Publisher: Routledge
Release Date : 2013-01-17

Construction Economics written by Danny Myers and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-17 with Architecture categories.

Construction Economics provides students with the principles and concepts underlying the relationship between economic theory and the construction industry. The New Approach adopts an argument that economics is central to government initiatives concerning sustainable construction. This edition has been revised to explain the effects of the current economic crisis on the construction industry. In addition, sections relating to less developed countries, the economics of sustainable development and theories relating to a firm's bid strategy have all been rewritten. With new data, examples, initiatives, readings, glossary items and references, the third edition of this established core text builds on the strengths of the previous edition: a clear and user-friendly style use of a second colour to highlight important definitions and formulae regular summaries of key points a glossary of key terms extensive use of tables and figures extracts from the academic journal Construction Management and Economics to consolidate and prompt discussion reviews of useful websites This invaluable textbook is essential reading across a wide range of disciplines from construction management and civil engineering to architecture, property and surveying.

The Eu And Africa

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Author : Adekeye Adebajo
language : en
Publisher: Hurst Publishers
Release Date : 2012

The Eu And Africa written by Adekeye Adebajo and has been published by Hurst Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with History categories.

This book offers a holistic and comprehensive assessment of the European Union's (EU) relations with Africa focusing on their historical, political, socio-economic, and cultural dimensions. In the high imperial period from the nineteenth century, some in Europe advocated the idea of EurafriqueA" - a formula for putting Africa's resources at the disposal of Europe's industries. After tracing Europe's historical attempts to remodel relations following African independence from the 1960s and Europe's own quest for unity, the book examines the current strategic dimensions of the relationship. Most especially, contributors examine the place of Africa in the EU's need for global partnerships. Key topics discussed include trade and investment, security and governance, migration and identity, and the historical legacy on the current relationship. The volume closely analyses the key European players in Africa - France, Britain, Portugal, and the Nordics - within the context of the EU. Finally, it examines Europe's controversial immigration policies and complex relations with the Maghreb and Mediterranean, as well as perceptions of past and current European identity. The study concludes that Africa and Europe still appear not to have escaped fully the burdens of history, and examines the feasibility of elaborating and practising, in future, an Afro-EuropaA": a new relationship defined by genuine equality, partnership, and mutual self-interest between both continents-and one that finally sheds the baggage of the EurafriqueA" past.

International Handbook On Public Private Partnership

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Author : Graeme A. Hodge
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010-11-30

International Handbook On Public Private Partnership written by Graeme A. Hodge and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-30 with Business & Economics categories.

Public Private Partnerships (PPPs) promise much and present an exciting policy option. Yet as this Handbook reveals there is still much debate about the meaning of partnership, and the degree to which potential advantages are in fact being delivered. In this timely Handbook, leading scholars from around the world explore the challenges presented by infrastructure PPPs, and contemplate what lies ahead as governments balance the need to provide innovative new infrastructure against the requirement for good public governance. This Handbook builds on a range of exciting theoretical lenses that span several disciplinary boundaries. It presents innovative insights and informed perspectives from an international base of empirical evidence. This essential Handbook will prove an invaluable reference work for academics, advanced post-graduate students and commentators of PPPs, as well as professionals, infrastructure regulators and government policy advisors.

The Political Economy Of Defence

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Author : Ron Matthews
language : en
Publisher: Cambridge University Press
Release Date : 2019-05-09

The Political Economy Of Defence written by Ron Matthews and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-09 with Business & Economics categories.

A contemporary and comprehensive analysis of national and supranational defence governance in an uncertain and increasingly dangerous world. This book will appeal to policymakers, analysts, graduate students and academics interested in defence economics, political economy, public economics and public policy.

Policing Large Scale Disorder

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Author : Great Britain: Home Office
language : en
Publisher: The Stationery Office
Release Date : 2012-02-16

Policing Large Scale Disorder written by Great Britain: Home Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-16 with Political Science categories.

Response to HC 1456 (ISBN 9780215040169)

Partnerships In Urban Property Development

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Author : Nigel Dubben
language : en
Publisher: John Wiley & Sons
Release Date : 2009-06-22

Partnerships In Urban Property Development written by Nigel Dubben and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-22 with Business & Economics categories.

This book covers partnerships in the broadest sense, presenting a critical account of the whole range of partnerships in property development. The emphasis is on the relationship between developers and landowners, developers and funders, and the provision of public services through the use of private finance. The authors draw on their own professional experience of running property partnerships and, with carefully researched case studies, present the 'insider' view, making a potentially dry and complex subject accessible and lively. The book moves beyond a theoretical overview and, by illuminating the reality of property partnerships shows for example, exactly how the government is procuring schools, hospitals and roads. This clear and objective analysis sets property partnerships in their economic and political contexts and will be of topical interest to surveyors and developers - in both private practice and local authorities - as well as to funders. Students in surveying, estate management and real estate development will also find this a concise and authoritative guide. Contents 1 The Public and Private Sectors 2 The Property Development Process 3 Partnership Negotiations using Development Appraisal Techniques 4 The Private Finance Initiative 5 Public Private Partnerships: the Urban Experience of Dublin 6 Property Funding Partnerships 7 Development Partnerships and Landowners 8 International Trends and Public Private Partnerships 9 Economic Background and Future Trends

Construction Project Management

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Author : Peter Fewings
language : en
Publisher: Routledge
Release Date : 2013-05-07

Construction Project Management written by Peter Fewings and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-07 with Technology & Engineering categories.

The role of the project manager continues to evolve, presenting new challenges to established practitioners and those entering the field for the first time. This second edition of Peter Fewings' groundbreaking textbook has been thoroughly revised to recognise the increasing importance of sustainability and lean construction in the construction industry. It also tackles the significance of design management, changing health and safety regulation, leadership and quality for continuous improvement of the service and the product. Using an integrated project management approach, emphasis is placed on the importance of effectively handling external factors in order to best achieve an on-schedule, on-budget result, as well as good negotiation with clients and skilled team leadership. Its holistic approach provides readers with a thorough guide in how to increase efficiency and communication at all stages while reducing costs, time and risk. Short case studies are used throughout the book to illustrate different tools and techniques. Combining the theories underpinning best practice in construction project management, with a wealth of practical examples, this book is uniquely valuable for practitioners and clients as well as undergraduate and graduate students for construction project management.