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Sharing the scars of a P3 capital project. John Illingworth Deputy CEO ~ Goodwin Development Trust. The Octagon –the villains. Our initial considerations. Does your project:- Fit the funders criteria Match State Aid Land Planning permission Cashflow OJEU. Good SPD fit - PowerPoint PPT Presentation
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Sharing the scars of a P3 capital project
John IllingworthDeputy CEO ~ Goodwin Development Trust
The Octagon –the villains
Our initial considerations
Does your project:-• Fit the funders criteria• Match• State Aid• Land • Planning permission• Cashflow• OJEU
Good SPD fit Sure Start Cap and RevN/A !You need to own someNew build/refurbIt goes out first£3.8 M
What do you know about building?
• Who has delivered a £1M capital project before ?
• Ask someone who has
How do I appoint ...
• Valuer• Contractor • Architect • Mechanical & Electrical engineers• Structural engineers • Quantity Surveyors• Clerk of Works• Lawyer
What we did wrong
• Assumed• Trusted• Believed honourable men• .......in hindsight
What did that assumption cost?
• £145,000• And a threat of a Judicial Review
It isn’t just cash that costs
And then this happened
And finally this
And a final connection?
But can you do it
yes you can !