The Role of Cost Saving and Innovation in PFI Projects PDF Download
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Author: Construction Industry Council
Publisher: Thomas Telford
ISBN: 0727728792
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
"The Private Finance Initiative has been seen ... as a way of achieving the Egan Report's objective of better client value for money fron construction-based projects. [...] This report presents the findings of a study set up to test the proposition that PFI will yield VFM [Value for money] by stimulating innovation"--Back cover.
Author: Construction Industry Council
Publisher: Thomas Telford
ISBN: 0727728792
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
"The Private Finance Initiative has been seen ... as a way of achieving the Egan Report's objective of better client value for money fron construction-based projects. [...] This report presents the findings of a study set up to test the proposition that PFI will yield VFM [Value for money] by stimulating innovation"--Back cover.
Author: Abdelhalim Boussabaine
Publisher: Routledge
ISBN: 1134224885
Category : Architecture
Languages : en
Pages : 336
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Book Description
This topical and timely book presents and innovative approach to dealing with the complexities of cost planning in PFI. PFI/PPP projects have a significantly different costing environment from conventionally procured projects, requiring cost analysts to use their expertise and innovative thinking to develop whole-life cost solutions that deliver value for money to the client, thus improving public building assets performance. Abdelhalim Boussabaine provides a thorough grounding in the theory of PFI, from its early evolution through to examples of current projects. In particular, the rationale for private financing of public services, arguments for and against PFI and 'value for money' mechanisms are discussed. The book presents an innovative framework for whole-life value and calls for changes in the way whole life cycle value is perceived, created and exchanged. Cost Planning of PFI and PPP Building Projects provides the reader with existing knowledge as well as present innovative thinking for future development and management of PFI/PPP cost planning processes. Given the importance and novelty of this book, academics, professionals, undergraduate and postgraduate students will find this book valuable.
Author: Akintola Akintoye
Publisher: John Wiley & Sons
ISBN: 1444301438
Category : Technology & Engineering
Languages : en
Pages : 504
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Book Description
This book examines some of the key policy, financial and managerialaspects of public-private partnerships within the context of theglobal spread of this form of procurement. The chapters investigate political and institutional issuessurrounding PPPs, together with the financial and managerialstrategies employed by the private sector. Adopting across-disciplinary perspective, the book highlights the oftenpolitically sensitive nature of these projects and identifies aneed for the private sector to investigate a broad set ofparameters which relate to the particular political economy ofindividual partnerships. Policy, Finance & Management for Public-Private Partnershipscovers a range of specific issues, including: partnerships indeveloping countries; innovation in partnership-based procurement;government and business interaction; institutional andorganisational approaches to facilitating partnership; project andcorporate financing; risk and value management; market analysis,modelling and forecasting; capital structure decisions andmanagement; investment theory and practice; pricing and costevaluation; statutory regulations and their financial implications;option pricing; financial monitoring; syndicate funding; new rolesfor the financial and insurance sectors; institutional andmultilateral funding; payment mechanisms; concession perioddetermination; risk analysis and management; whole life valuemethodology; cost comparators and best value; team building, teamwork and skill development. Contributions from Australia, Europe, the Far East, South Africaand the United States together present the current thinking andstate-of-the-art approaches to public-private partnerships.
Author: Peter W. G. Morris
Publisher: John Wiley & Sons
ISBN: 0470226854
Category : Technology & Engineering
Languages : en
Pages : 360
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Book Description
A comprehensive guide to project management and its interaction with other management systems and strategies The Wiley Guides to the Management of Projects address critical, need-to-know information that will enable professionals to successfully manage projects in most businesses and help students learn the best practices of the industry. They contain not only well-known and widely used basic project management practices but also the newest and most cutting-edge concepts in the broader theory and practice of managing projects. This first book in the series, The Wiley Guide to Project, Program & Portfolio Management, is based on the "meta" level of management, which, simply stated, asserts that project management must be integrated throughout an organization in order to achieve its full potential to enhance the bottom line. This book will show you how to fully understand and exploit the strategic management of projects, portfolios, and program management and their linkage with context and strategy in other concepts and processes, such as quality management, concurrent engineering, just-in-time delivery, systems management and engineering, teams, and statistical quality control. Featuring contributions from experts all around the world, this invaluable resource book offers authoritative project management applications for industry, service businesses, and government agencies. Complete your understanding of project management with these other books in The Wiley Guides to the Management of Projects series: * The Wiley Guide to Project Control * The Wiley Guide to Project Organization & Project Management Competencies * The Wiley Guide to Project Technology, Supply Chain & Procurement Management
Author: Douglas Lamb
Publisher: Thomas Telford
ISBN: 9780727732736
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
A guide to the procurement of privately financed projects: an indicative assessment of the procurement process outlines the concept of privately financed projects (PFP) that can be used for both public-private and private-private interactions. Utilising models from many countries the guide develops a robust procurement system applicable to PFP and project finance in both the EU and overseas. This guide provides a systematic approach for the preparation and evaluation of privately financed projects (PFP) and services. It is intended to assist both the 'Principal' (often a public body) and the 'Promoter' (private body) at each phase of the procurement process, from inception through to financial closure. Principals using this guide should be able to adapt the private finance procurement process for their specific organisation and business sector. Moreover, in the case of the promoting organisation, the guide provides an appreciation of the steps that occur and the various processes undertaken and the associated costs of bidding. A guide to the procurement of privately financed projects: an indicative assessment of the procurement process provides an invaluable understanding of the critical facets involved in PFP and suggests frameworks for developing objective orientated procurement elements.
Author: David Brown
Publisher: Routledge
ISBN: 1317036018
Category : Political Science
Languages : en
Pages : 261
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Book Description
Britain's military forces have rarely been busier. It is therefore crucial to understand the developing trends and underlying assumptions of British Defence Policy, in regard to both foreign policy and international security. This volume, which covers both the Blair and Brown eras in defence policy making, places developments post 11 September in a wider context, assessing the impact of key personalities and events on a range of issues, notably the perennial concern of military overstretch. By critically appraising contemporary developments, and examining the driving policy in specific cases, this volume provides a relevant and up-to-date assessment of this vital policy area. As well as being contemporary in its analysis, the work is also comprehensive in scope, embracing both policy objectives - such as the expeditionary strategy and the desire to be a bridge between the US and EU - and the instruments that underpin such policy.
Author: Great Britain: Parliament: House of Commons: Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215561206
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
The Treasury Committee concludes that Private Finance Initiative (PFI) funding for new infrastructure, such as schools and hospitals, does not provide taxpayers with good value for money and stricter criteria should be introduced to govern its use. Higher borrowing costs since the credit crisis mean that PFI is now an extremely inefficient method of financing projects. Poor investment decisions may continue to be encouraged across the public sector, however, because PFI allows Government departments and public bodies to make big capital investments without committing large sums up front. There is no convincing evidence that savings and efficiencies during the lifetime of PFI projects offset the higher cost of finance. The current Value for Money appraisal system may be biased to favour PFIs and there are problems with the way costs and benefits for such projects are currently calculated. Investment could be increased in the long run if government capital investment were used instead of PFI. Paying off a PFI debt of £1bn may cost taxpayers the same as paying off a direct government debt of £1.7bn. Recommendations include: the Treasury should consider scoring most PFIs in departmental budgets in the same way as direct capital expenditure; the Treasury should discuss with the OBR the treatment of PFI to ensure that PFI cannot be used to 'game' the fiscal rules; the Value for Money assessment process should be subjected to scrutiny by the NAO; the Treasury should review the way in which risk transfer is identified.
Author: Commission on Public Private Partnerships
Publisher: Institute for Public Policy Research
ISBN: 9781860301582
Category :
Languages : en
Pages : 308
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Book Description
Author: Marcus C. Jefferies
Publisher: Routledge
ISBN: 1317635027
Category : Technology & Engineering
Languages : en
Pages : 375
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Book Description
The last three decades have seen the evolution of Public–Private Partnerships (PPPs) and Relationship Contracting (RC) as alternative procurement approaches to traditional methods of delivering public infrastructure. The potential for growth in these new forms of procurement has led to an on-going debate on the nature of requirements, particularly in terms of policy development, encouraging private investment and value for money. A key argument for Governments to procure projects using PPPs and RC is that the process delivers better value for all the stakeholders, including the community and asset end-users. This wide-ranging study of such crucial procurement issues includes international historical context, collaboration and risk management, with a focus on sustainable procurement approaches. The international significance of PPPs and RC procurement is reinforced with case study examples from the UK, Europe, North America, South Africa and the Asia-Pacific. It features cutting-edge research from around the world on subjects such as: Reviews and reflection of the PPP approach Project Alliancing Implementation of RC in developing countries Changes in procurement policy Value for money, collaboration and stakeholder involvement Growth and emergence of PPPs in Asia Risk management Including contributions from some of the world's most prominent academics and practitioners in this field, it is a crucial guide to the strategic choices governments now face for the provision of infrastructure, between using ‘public’ or ‘private’ mechanisms, or a combination of the two.
Author: Mark A. Abramson
Publisher: Rowman & Littlefield
ISBN: 9780742532731
Category : Business & Economics
Languages : en
Pages : 484
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Book Description
The ninth book in the IBM Endowment Series on the Business of Government, The Procurement Revolution continues the tradition of timely and vital information dissemination, which the series has come to stand for. Focusing on the profound and revolutionary changes the government has had and will have to make in its approach to procuring goods and services, this book strives to capture the creativity and energy that can and should be brought to government procurement.
