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.
Table of Contents
1. The Rationale Behind the Private Financing of Public Projects 2. Whole Life Cycle Value Exchange 3. Whole Life Cycle Value Creation 4. Procuring Projects under the PFI/PPP System 5. The Financing of PFI Projects 6. Fundamentals of PFI/PPP Projects Cost Planning 7. The Process of Cost Planning in PFI/PPP Projects 8. Financial, Economic and Commercial Appraisal at the Pre-ITN Stage 9. Cost Planning at the Pre-Financial Close Stage 10. Cost Variation Control at the Pre-Financial Close and Construction Stages 11. Monitoring and Responding to Cost Variations at the Operation Stage 12. Risk and Uncertainty in Cost Planning of PFI Projects 13. Cost Risk Allocation in PFI/PPP Projects
Abdelhalim Boussabaine d'Ingénieur d'Etat, MSc, PhD is a Lecturer at the School of Architecture, at the University of Liverpool. He has written widely on cost modelling for researchers and professionals and is the lead author of Whole Life Cycle Costing: Risk and Risk Responses (Blackwell, 2004).