Description

Ian follows on from his previous episode explaining PPPs (Private Public Partnerships) and delves deeper into what factors are actually required for a successful PPP project. They are large and complex so increasingly need careful planning to ensure success. He looks at strong legal and regulatory frameworks, institutions and resources, public sector champions, public sector organisation and resource, transparent procurement processes, the right projects for PPP, technical and feasibility studies, business case and plan, revenue streams, whole life plan, contracts, risk allocation, measurable performance and correct operation and maintenance.

KEY TAKEAWAYS

• Regulation in PPP facilitates private investment, reduces transaction costs and provides guidance and control in legal matters such as procurement disputes 
• A recognised public figure should be chosen to serve as a spokesman and advocate. They can play a critical role in minimising misperceptions.
• Considerations for proposals should be based on best value, not lowest price. Transparent bidding procedures with clearly defined criteria should be utilised. 
• Solid forecasting of revenues and the cost estimates is required to establish the feasibility of the project.  
• A good contract should include a good set method of dispute resolution.

BEST MOMENTS

‘We need to have a strong legal and regulatory framework for a PPP project to survive and thrive.’ 

‘The public sector should have a dedicated team for PPP projects. I have been involved in many PPP projects and time and time again I saw notional public sector resources put into major projects. The result is their team was supplemented by consultants. In my opinion that does not work.’

‘Not all projects are suitable for PPP particularly if they are small and particularly if only a short concession period is going to be given.’ 

‘Not only has it (revenue stream) got to retire the debt, it has also got to pay for the day to day operations and the whole life cycle replacement fund.’ 

VALUABLE RESOURCES

https://www.ianjrogers.com/

ABOUT THE HOST

Ian Rogers is an entrepreneur running businesses in the Real Estate, Construction and Facilities Management arena. Ian has over 40 years’ industry experience, as he was effectively born into construction with his father having his own building company and Ian spending time working on sites from the age of 11!. As a result Ian has seen the industry from a trades person perspective, as a chartered quantity surveyor working on large commercial projects, as a project manager and then working on structured project finance through PFI/PPP deals. This has given Ian a unique whole life approach to any project by considering the end game at the beginning.

CONTACT METHOD

https://www.ianjrogers.com/

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