Alister Coutts, Predavac, Edinburg Napier Univesity

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Treći godišnji samit „Razvoj javno-privatnog partnerstva u Srbiji po modelu Velike Britanije",organizovali su 8. novembra u hotelu Hajat NALED, USAID i Ambasada Velike Britanije uz podršku Hipo Alpe Adria banke. Britanija je jedna od prvih zemalja koja je počela da primenjuje JPP i jedna od najuspešnijih tako da su njihovi eksperti na konkretnim primerima prikazali mogućnosti, prednosti i mane tog modela ulaganja. Dr Alister Kauts
Predavač u oblasti finansiranja i evaluacije projekata, Univerzitet Edinburg Napier / bivši direktor za JPP projekte, Veće okruga Hajlend, Škotska

Telefon: +44 (0)1738 565749
E-mail: enquiries@awcp.co.uk
www.awcp.co.uk

Alister je postao ovlašćeni procenitelj 1976. godine i radio je u Aberdinu u Škotskoj, u kompanijama Armour & Partners i Anderson Morgan Associates. 1978. godine preselio se u Hong Kong i počeo da radi u Odeljenju za javne poslove Vlade Hong Konga, a nakon toga u hongkonškoj Mass Transit Railway korporaciji. Vratio se u Veliku Britaniju 1989. godine i počeo sa radom u kompaniji Developments, Commercial & Industrial (Holdings) Ltd. kao direktor za razvoj i upravljanje projektima. 1993. pridružio se Nacionalnoj zdravstvenoj službi kao operativni direktor, odgovoran za širok spektar aktivnosti, uključujući upravljanje objektima (ketering, čišćenje, telekomunikacije, upravljanje i održavanje nekretnina), upravljanje kapitalnim projektima, transport i nabavku zaliha i usluga. 1998. godine počeo je da radi u Veću okruga Hajlend, kao direktor imovinskih i arhitektonskih usluga. Takođe je bio angažovan kao direktor za JPP projekte, gde je bio odgovoran za niz opštinskih projekata kao što je izgradnja škola, domova, vatrogasnih stanica, kancelarijskog prostora i inicijativa za upravljanje otpadom. Alister je bio partner i direktor Odeljenja za usluge u javnom sektoru, u kompaniji Robinson Low Francis LLP, od 2007. do odlaska u penziju 2011. godine. Trenutno predaje Finansiranje i evaluaciju projekata i Upravljanje rizikom u projektima na postdiplomskim studijama na Fakultetu za inžinjerske nauke Univerziteta Edinburg Napier. Ima doktorsku diplomu filozofije sa Univerziteta Heriot Vat.

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  • Talk about initiatives in place to further expand sectors
  • Talk about initiatives in place to further expand sectors
  • Talk about initiatives in place to further expand sectors
  • Alister Coutts, Predavac, Edinburg Napier Univesity

    1. 1. Dr Alister W Coutts DQS, BA(Hons), MBA(Dist), MSc, PhD, FRICS, FCIOB, FCMI currently Lecturer in Project Finance & Appraisal Edinburgh Napier University Senior Partner Dr Alister W Coutts & Partners LLP Construction & Management Consultants© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    2. 2. The Conceptual Framework (1) Public Private Partnerships provide Access to Private Sector Finance A Mechanism for Project Control A Chance to major on Life Cycle rather than Capital Costs© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    3. 3. The Conceptual Framework (2) Public Private Partnerships Are about the delivery of Services to the public, by a private sector organisation with severe penalties for performance failure!© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    4. 4. Public Private Partnerships in Action A View from Inside the Public Sector© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    5. 5. Where? - The Highlands of Scotland (1)© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    6. 6. Where? - The Highlands of Scotland (2)© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    7. 7. The Highland Council – Key Facts  United Kingdom Land Area - 245,000 sq. km.  Scotland’s Land Area - 80,000 sq. km.  Highland Council Land Area - 26,500 sq. km.  United Kingdom Population - 60,000,000  Scotland’s Population - 5,200,000  Population of the Highlands - 210,000© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    8. 8. Why Use PPPs? – The Reasons:  Acknowledged need to modernise their facilities;  Insufficient Central Government Finance available;  It left capital available for other infrastructure projects;  Financial support available from Central Government;  Allowed investment in major infrastructure developments;  Council had Project Management expertise ‘in-house’;  Council wished to promote Sustainability and to emphasise the importance of the Life Cycle approach.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    9. 9. PPP - A Tried and Tested Approach Regarded as Bad Regarded as Good© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    10. 10. PPP Projects in the Highlands of Scotland Description Capital Value  Scottish Office - Skye Bridge ∈ 41 million  Scottish Office - Inverness Airport Terminal ∈ 16 million  Scottish Office - Highland Water & Sewage ∈ 80 million  NHS Highland - Easter Ross Primary Care Centre ∈ 16 million  NHS Highland - Craig Phadrig Psychiatric Unit ∈ 27 million  Highland Council - IT ∈ 22 million  Highland Council – PPP 1 Schools ∈ 28 million  Highland Council – PPP 2 Schools ∈150 million© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    11. 11. Public Private Partnerships Use of Private Sector Finance for Small Rural Projects© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    12. 12. Criteria for Project Success (1)  Secure the Commitment of Sponsors / Users;  Establish the Affordability Criteria;  Establish the Value for Money Criteria;  Continually Check that Scheme is Bankability;  Check Acceptability of Key Terms / Conditions;  Check the Realism of the Risk Allocation.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    13. 13. Criteria for Project Success (2)  Prepare a Realistic ‘non-political’ Programme;  Appoint & Develop the Internal Project Team;  Appoint Compatible External Advisors;  Manage Stakeholder Expectations;  Manage Political comment & Press coverage;  Continually Market the Project.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    14. 14. The Show Stoppers  Lack of Open Political Leadership & Commitment;  Absence of Appropriate Legal Framework;  Non-dependable Project Revenue Stream;  Lack of Openness, Transparency & Integrity;  Unrealistic Budgets, Expectations & Programme;  A Lack of Interest (Consortia / Contractors / Funders);  An Inability to Secure Domestic or International Funds;  Political, Public & Press Hostility to the concept.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    15. 15. Establish Political Oversight T h e P o litic a l P r o c e s s T h e H ig h la n d C o u n c il [8 0 m e m b e rs ] E d u c a tio n C o m m itte e [4 0 m e m b e rs ] E d u c a tio n P P P S u b -C o m m itte e [8 m e m b e r s ]© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    16. 16. Establish Managerial Control T h e M a n a g e m e n t D e c is io n M a k in g P r o c e s s P P P P ro je c t B o a rd C h ie f E x e c u t iv e D ir e c t o r o f F in a n c e ; D ir e c t o r o f C o r p o r a t e S e r v ic e s D ir e c t o r o f E d u c a t io n , C u lt u r e & S p o r t ; D ir e c t o r o f P r o p e r t y & A r c h it e c t u r a l S e r v ic e s E d u c a tio n P P P P r o je c t T e a m D ir e c t o r o f P r o p e r t y & A r c h it e c t u r a l S e r v ic e s H e a d o f S u p p o r t S e r v ic e s ; P P P P r o j e c t O f f ic e r H e a d o f C o n t r a c t s ; P r in c ip a l S o lic it o r ; P r in c ip a l C a p it a l A c c o u n t a n t T u rn e r & T o w n s e n d P ro je c t M a n a g e m e n t D e lo it t e & T o u c h e S h e p h e rd & W e d d e rb u rn W S© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    17. 17. The Council’s PPP Strategy was:  Start small – minimise the risk to the Council;  Aim big – devise a ‘long term’ PPP programme;  Identify suitable potential PPP projects;  Identify lead politicians – with courage & convictions;  Identify, appoint and train PPP Project Team;  Appoint appropriate external advisers;  Allocate sufficient funds to undertake the initiative!© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    18. 18. We tried to ensure success by (1):  Only selecting ‘appropriate’ Projects;  Getting Political support for Process & Projects;  Appointing only ‘Experienced’ Advisers;  Use of Effective Project Management arrangements;  Use of Realistic Procurement Programmes;  Use of ‘High Quality’ Procurement Documentation;  Targeting ‘known’ Consortia to pre-qualify;  Stressing the need to Consult with Communities.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    19. 19. We tried to ensure success by (2):  Ensuring the Outline Business Case (OBC) was realistic;  Placing the OJEU notice to suit market conditions;  Carefully selecting ‘appropriate’ Bidders;  Preparing a detailed Invitation to Tender (ITN) package;  Relating the Bids received to both the ITN and the OBC;  Avoiding the need for Best & Final Offers (BaFO);  Negotiating the key Project Agreement clauses with Bidders and Funders at an early stage in the programme;  Updating the Business Case on a regular basis.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    20. 20. Contractors / Consortia wished to know:  The Strategic Vision - the view of the Politicians!!  The Operational Context - is it important to the Council?  The Council – do they have PPP experience?  The Contractual Position – what is the period on offer?  The Design Concept – what quality / flexibility is required?  The Advisers – which firms have been appointed?  The Negotiating Team – have they experience & authority?  The Affordability Position – can the Council afford it?  The Procurement Programme – is it Practical or Political?© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    21. 21. Council wished to ensure Economic Sustainability  Highland Council Objectives: – Maintain fragile local economies; – Ensure ‘local’ firms can participate in PPP initiatives; – Avoid any internal redundancies / loss of capacity; – Provide Training & Development opportunities.  A PPP initiative can deliver these Objectives if: – Funders are prepared to work with local consortia; – The project size allows local contractors be participate; – Economic sustainability is fully recognised.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    22. 22. Public Private Partnerships Sample Highland Council Projects© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    23. 23. Operational PPP Projects (1)  8 year IT Contract with Fujitsu (ICL);  € 81 million for a Managed Service;  Provision & Maintenance of 3,500 PCs;  3 year rolling refresh of all IT equipment;  Provision of all software & hardware;  Responsible for all Training & Development;  Transfer of 50 staff to Fujitsu;  First IT scheme using private finance.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    24. 24. Operational PPP Projects (2)  25 year Contract with a Consortium consisting of the M J Gleeson Group plc & The Royal Bank of Scotland Group plc *  € 128 million contract;  Project consists of 4 Schools in remote rural locations - details given later in the Presentation;  Model scheme completed in record time!  Schools now owned by Investment Fund *© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    25. 25. Operational PPP Projects (3)  30 year Contract for the funding, design, construction and operation of 11 Schools;  € 225 million ‘Build Cost’;  € 760 million contract value;  Single Bidder - but allowed to proceed by Treasury;  Financial Close achieved on 28 March 2006;  First school was handed over on 1 April 2007;  All schools are now fully Operational.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    26. 26. Pipeline PPP Projects (1)  Outline Business Case completed for a 30 year contract for the funding, design, construction and operation of: 65 Fire Stations with a € 120 million ‘Build Cost’;  € 270 million contract;  Project involves provision of facilities in four Municipal areas – Shetlands Isles, Orkney Isles, Western Isles and the Highlands!  Business Case was lodged with the Scottish Government for permission to proceed.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    27. 27. Pipeline PPP Projects (2)  Completed a Business Case for a 20 year contract for the Disposal of Household Waste;  € 192 million contract;  Scheme was required to comply with legislation;  Proposed service will be very high cost due to the distances between communities;  The solution also has a high capital cost;  This is a politically sensitive project;  Do you wish an EfW Plant in your back yard?© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    28. 28. Pipeline PPP Projects (3) Business Case accepted for a 15 year Contract for the funding, design, construction and operation of 5 Care Homes for the Elderly – € 51 million ‘Build Cost’; Estimated € 145 million contract value; 6 Pre-qualified Bidders - with initiative being progressed under the Competitive Dialogue protocol; Aim was to reach Financial Close in December 2008 with first Care Home to be available in August 2010; Political decision taken to suspend the initiative!© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    29. 29. Pipeline PPP Projects (4)  Business Case completed for the funding, design, construction and operation of Office Accommodation with a € 12 million ‘Build Cost’;  Estimated € 39 million contract value;  4 Pre-qualified Bidders - with initiative being progressed under the Competitive Dialogue protocol;  Financial Close was programmed for May 2008;  Offices were to be available in August 2010;  Political decision to suspend the initiative!© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    30. 30. Education, Culture & Sport Public Private Partnership 1 Initiative© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    31. 31. The Council’s Principal Concern was: Affordability Not Value For Money© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    32. 32. The Council was ‘up-front’ on Affordability: Affordability 4,500,000 4,000,000 Annual Cost 3,500,000 3,000,000 2,500,000 1 4 7 10 13 16 19 22 Years© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    33. 33. Everyone Worked Together To Achieve Success Education Committee Project Board (Members) (Officers) Project Director Project Managers Community Groups & External Advisers & School Representatives Internal Specialists© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    34. 34. Project Details (1) 2 Secondary Schools 2 Primary Schools Drumnadrochit Spean Bridge 250 pupils + 24 Nursery 75 pupils + 24 Nursery (4,280 m2) (940 m2) Strontian Tomatin 250 Pupils + 24 Nursery 70 pupils + 24 Nursery (4,680 m2) (880 m2)© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    35. 35. Project Details (2)  Annual Unitary Charge – € 4.5 million  Capital Value of Projects – € 25 million  Assets revert to Council ownership at contract end  No surplus land to consider© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    36. 36. Education, Culture & Sport PPP 1 Glenurquhart High School, Drumnadrochit - 250 pupils© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    37. 37. Education, Culture & Sport PPP 1 PPP1 Primary School Interiors© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    38. 38. Education, Culture & Sport Public Private Partnership 2 Initiative© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    39. 39. Project Details (1) 4 Secondary Schools Dingwall Academy Portree High School 1,100 pupils 700 pupils Millburn Academy Kinlochleven High 1,100 pupils 110 pupils© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    40. 40. Project Details (2) 6 Primary Schools Cawdor Inshes 120 pupils 250 pupils Culbokie Gaelic 80 pupils 150 pupils Resolis Kinlochleven 100 pupils 70 pupils© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    41. 41. Project Details (3)  Annual Unitary Charge - € 24 million  Capital Value of Projects - € 201 million  Assets revert to Council ownership at contract end  No surplus land to consider© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    42. 42. Education, Culture & Sport PPP 2 Dingwall Academy - 1,100 pupils© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    43. 43. Education, Culture & Sport PPP 2 PPP2 Primary School Interiors© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    44. 44. Work with Communities – It is their Project !! Stakeholder Management Award© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    45. 45. Establish a Pipeline Sample Pipeline Projects© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    46. 46. Fire Services PPP Initiative© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    47. 47. Fire Service Sites Fire Station Locations© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    48. 48. Highland & Islands Fire Service The Problem - Obsolete Fire Stations© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    49. 49. Highland & Islands Fire Service The Solution - Single Bay - Achiltibue Fire Station© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    50. 50. Waste Management PPP Initiative© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    51. 51. Waste Management Sites Waste Facilities© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    52. 52. Waste Management Objectives  Prevent the generation of waste at source;  Use ‘local’ rather than ‘regional’ landfill sites;  Introduce Materials Recovery Facilities (MRF);  Provide an Energy from Waste (EfW) Plant. Capital Investment is required© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    53. 53. Public Private Partnerships Use of Private Sector Finance for Large Urban Projects© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    54. 54. Hong Kong MTR Corporation 1990© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    55. 55. Hong Kong MTR Corporation  Hong Kong MTR Corporation is a public body;  Corporation operates on ‘prudent commercial principles’;  20 individual Development Sites above stations and depots;  Developments were phased over a 10 year period;  14 separate Development Agreements;  60% of railway funding came from PPP initiatives;  Hong Kong consortia & contractors with overseas funding.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    56. 56. Hong Kong MTR Corporation  High Land Values - All land owned by Central Government  Development Agreements with 8 Private Sector Consortia  Short Duration Contracts - Only 3 to 5 year duration  Value of Contracts – approximately € 1,500 million  ‘Upfront’ Funding of rail infrastructure by the Consortia  Design, Construction & Marketing of buildings by Consortia  Ongoing management of building remained with Corporation© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    57. 57. Admiralty Development Agreement Admiralty Centre – 2 x 28 storey towers - 95,606 m 2© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    58. 58. Hang Lung Development Agreement Hongway Gardens - 35 storeys - 412 flats & 2,594 m2© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    59. 59. Hang Lung Development Agreement Vicwood Plaza - 33 storeys - 36,848 m2© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    60. 60. Kornhill Development Agreement Kornhill Gardens – 42 x 20 to 31 storeys – 1,060 flats© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    61. 61. Traditional and Design & Build Projects© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    62. 62. Operations Directorate Projects Alterations to Cameron Hospital© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    63. 63. Operations Directorate Projects Sir George Sharpe Spinal Injuries Unit© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    64. 64. Property & Architectural Services Projects Golspie Secondary School : Technical Block© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    65. 65. Property & Architectural Services Projects Grantown Grammar School : Leisure Centre© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    66. 66. Property & Architectural Services Projects Ullapool Secondary School© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    67. 67. Highland & Islands Fire Service Kirkwall Fire Station© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    68. 68. Housing Services Projects Hayton Road Social Housing, Aberdeen© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    69. 69. Housing Services Projects Rorie Hall Social Housing, Aberdeen© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    70. 70. Issues to Consider© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    71. 71. Advantages of Small Scale PPP Projects  Individual Project Programmes will be shorter;  Community benefits are much easier to realise;  Project Risks are easier to assess and manage;  Possible pool of local consortia and funders;  Opportunities for local consultants and contractors;  Facilitates local democratic control & management.© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    72. 72. Disadvantages of Small Scale PPP Projects  Difficult to manage a national project pipeline;  Assumes that clients have PPP procurement skills;  Procurement costs may rise due to resource issues;  Danger of a ‘feeding frenzy’ once projects emerge;  Requires a change in procurement culture – can ‘Value for Money’ be the defining characteristic if there is no possibility of delivering an initiative other than by using a Public Private Partnership?© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    73. 73. Conclusions© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    74. 74. Successful PPP initiatives need Public commitment from Senior Politicians; Support for PPP initiatives from Senior Officers; The creation of the appropriate Political, Legal & Financial Structures; The creation of a Production Line of Projects; A Project Team consisting of your best people; To be promoted to stimulate market interest!© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    75. 75. A Final Thought  If The Highland Council can use private sector finance to provide municipal facilities in a remote area on the edge of Europe then so can you!  You only need to try!© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk
    76. 76. Contact Information Dr Alister W Coutts & Partners LLP Construction & Management Consultants 29 Lady Nairne Drive PERTH PH1 1RF Scotland Telephone: +44 (0)1738 565749 E-mail : enquiries@awcp.co.uk www.awcp.co.uk Please visit our web-site or contact us if you wish further information© Dr Alister W Coutts & Partners LLP alister.coutts@awcp.co.uk

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