Project management and the private finance initiative

More documents

Recommendations

Info

OGC (2003a) Signed Deals List as of 4th April 2003, Office of Government Commerce, http://pfi.ogc.gov.uk/stats.asp OGC (2003b) Building on Success: The Future Strategy for Achieving Excellence in Construction, Office of Government Commerce, London. Osmond, J. (2003) ‘From corporate body to virtual parliament: the metamorphosis of the National Assembly for Wales’ in Hazell, R. (ed.) The State of the Nations 2003: The Third Year of Devolution in the United Kingdom, Imprint Academic: London. Pinder, J., Smith, A., Pottinger, G. and Dixon, T. (2003) Learning from Other Industries, RICS, London. Pollitt, M. G. (2000) The Declining Role of the State in Infrastructure Investments in the UK, Working Paper WP0001, Department of Applied Economics, University of Cambridge. Pottinger, G., Marston, A. and Dixon, T. (2001) Chartered Surveyors in Project Management: The Survey of Project Management Faculty Members, College of Estate Management, Reading. Salter, B., Rich, T. and Bird, D. (2000) ‘Managing the Private Finance Initiative’, Perspective, 4 (3), pp.68-73. Stevens, M. (1999) ‘Human Capital Theory and UK Vocational Training Policy’, Oxford Review of Economic Policy, Vol 15 No 1, 16-32. Treasury Taskforce (1998) Step by Step Guide to the PFI Procurement Process, HM Treasury, London. Treasury Taskforce (2000) How to Manage the Delivery of Long Term PFI Contracts, Rep. No. Technical Note No. 6, Technical Note, HM Treasury, London. 35 chapter six References Project management and the private finance initiative
chapter seven Appendices Appendix A: Glossary of terms 4Ps The Public Private Partnerships Programme Ltd, a local government procurement agency providing support and advice to local authorities in England and Wales for large-scale procurement projects. Awarding authority The public sector body which is procuring a service through PFI (e.g. government department, agency, NHS trust, local authority). Bates Review The review of PFI conducted by Sir Malcolm Bates. The review made 29 recommendations. A second Bates Review was reported in February 1999. Benchmarking A method for testing whether the standard and price of services is consistent with the market standard. Bidders See ‘tenderers’. Compulsory Competitive Tendering (CCT) Policy introduced by the Local Government Act 1988 that required local authorities to put a percentage of their existing out to open competition before being undertaken by their own staff. The policy has now largely been replaced by Best Value. Consortium A group of private sector organisations that has been formed in order to tender for a PFI contract. Construction company A company commissioned by the project company to construct or refurbish the properties that form part of PFI project. Debt funder A provider of debt finance for a PFI project, including third-party debt finance. Design, Build, Finance and Operate contract A PFI contract that provides for the design, construction, financing and operation of a building and its facilities. Discount rate / discounting The rate, or rates, of interest selected when calculating the present value of some future cost or benefit. Equity funder An investor who purchases equity in the project company. Facilities management The process that focuses on the interaction between the core business, the support functions, and the facilities throughout all sections of industry, commerce, and services (RICS definition). Financiers A collective term for the debt and equity funders. Invitation to Negotiate (ITN) An invitation issued by PFI awarding authority to negotiate and ultimately to submit priced bids. Often used interchangeably with ITT. Invitation to Tender (ITT) An innovation to tender by submitting priced bids. Often used interchangeably with ITN. NHS LIFT A Department of Health initiative with Partnerships UK to develop and encourage a new market for investment in primary health care and community-based facilities and services. Project management and the private finance initiative chapter seven Appendices 36
Page 1 and 2: Project management and the private
Page 3 and 4: The Private Finance Initiative (PFI
Page 5 and 6: The project manager’s role also v
Page 7 and 8: view. This means that project manag
Page 9 and 10: 5 Conclusions and Recommendations 5
Page 11 and 12: 1.4 Report structure This report co
Page 13 and 14: The SPV is a limited company that i
Page 15 and 16: guidance on risk management. By imp
Page 17 and 18: can be shared and disseminated acro
Page 19 and 20: Table 3.1: Matrix of interviewees C
Page 21 and 22: Other key aspects identified as par
Page 23 and 24: External project managers tend to b
Page 25 and 26: espondent on the SPV side, they ten
Page 27 and 28: • All the organisations had a pro
Page 29 and 30: Figure 4.1: Type of organisation Mu
Page 31 and 32: Table 4.1: Involvement in PFI Organ
Page 33 and 34: Figure 4.10: Approximate value of P
Page 35 and 36: Figure 4.15: Most important PFI ski
Page 37 and 38: 4.6 Continuous professional develop
Page 39 and 40: management roles existed and were p
Page 41 and 42: 5.5 Project management knowledge an
Page 43: chapter six References Allen, G. (2
Page 47 and 48: Appendix B: Useful websites • 4Ps
Page 49 and 50: Appendix D: Successful Delivery Ski
Page 51 and 52: The project manager role and PFI 5.
Page 53 and 54: Appendix F: Questionnaire Project M
Page 55 and 56: Section B1: Your experience of the
Page 57 and 58: 11. Which type of skill do you cons
Page 59: www.rics.org RICS is one of the lea

Project management and the private finance initiative

Create successful ePaper yourself

Delete template?

Save as template?