This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Understanding and managing risk in PPPs

28 February 2013

Service Works Group publishes White Paper on risk management and mitigation in public private partnerships

A new white paper from Service Works Group, PPP operational performance software provider, examines the risks inherent in public private partnerships and the ways in which these can be managed.

Risk is a part of any activity but when millions of pounds of public money are involved and contracts are being signed for 25 years or more, then it takes on a different magnitude. Public private partnerships (PPPs) pose particular challenges of risk managementwith the potential to cause losses or additional costs for the organisations involved.

PPPs –understanding and managing risk covers each stage of a PPP from construction, through completion to operations, including both hard and soft facilities management.

Whether your organisation is a public authority, an investor in the SPV, or a construction or facilities management subcontractor, appreciating the risk of taking part in a PPP project is fundamental.In well-designed PPPs each risk is identified, allocated and mitigated to ensure continuity of services and the financial viability of the project. This white paper sets out how PPP risks can be transferred or mitigated and explains how the changing funding climate has affected risk and led to new financing models being adopted in markets such as Australia and Canada.

The white paper concludes that contractual clarity and transparent performance management are at the heart of managing PPP risks.

The performance management framework needs to be supported by a sophisticated information infrastructure, providing the public authority with a transparent view of the quality of service delivery and an audit trail.Risk management in the operational phase requires performance management software, with an integrated payment mechanism, to deliver trusted and transparent data management, to ensure issues are resolved quickly and to encourage effective PPP relationships.

For a copy of the Service Works Global White Paper PPPs –understanding and managing risk, please email info@swg.com with your contact details.


Contact Details and Archive...

Print this page | E-mail this page

http://www.fsifm.com
https://www.heatraesadia.com/products/drinking-water/wall-mounted-boiling-water


MOST VIEWED...

View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Major role of outsourced services in saving Whaley Bridge homes

Last week saw prolonged national media coverage of the plight of residents of Whaley Bridge, Derbyshire, due to the Toddbrook Reservoir becoming unsafe....

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
Article image

Appreciating the bigger picture of maintaining facilities

One of the most popular topics of discussion within meetings of the PFM Editorial Advisory Board is the applicatio...
Article image

More, more, more. Are you ready?

Healthcare Estates 2019 is just a few short weeks away, with preparations really ramping up now for the biggest event yet; more exhibitors, more speakers, ...
Article image

Calls for better electricity supply as Ofgem investigates National Grid

Concerns have been expressed over the National Grid and its operating policies following last week's widespread power cuts....
PFM