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DESIGN BUILD FINANCE

This presentation discusses strategies for maximizing cash flow in work programs, including finance plans, historical payout trends, and flow of revenue streams. It also covers important factors such as revenue estimating, contractual obligations, and prompt payment. The presentation includes case studies of various projects and addresses common questions.

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DESIGN BUILD FINANCE

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  1. DESIGN BUILD FINANCE July 11, 2007 Robin M. Naitove, CPA Comptroller

  2. MAXIMIZATION OF WORK PROGRAM • Built on Cash Flow – Commitment Basis • Finance Plan/Cash Forecast • Historical Payout Trends • Flow of Revenue Streams

  3. ANNUALLOW POINT CASH BALANCE & CONTRACTUAL OBLIGATIONS

  4. MAJOR ASSUMPTIONS • Revenue Estimating Conference/Federal Forecast • Lapse Rates • Letting Schedules • Cash Payout Rates • Federal Effective Rates • Participation by other partners • Impact of Significant Events • Hurricanes

  5. AVERAGE PROJECT PAYOUT RATES

  6. CASH MODEL FLOW VS ACTUAL CONTRACT FLOW

  7. CASH FLOW MATRIX Federal FundsState FundsLocal Funds

  8. CASH FLOW MATRIX (Continued)

  9. QUARTERLY CASH AVAILABLE

  10. METHOD OF COMPENSATION • Lump Sum Contract • Schedule of Values Basis for Compensation Earned • Construction Estimate/Receiving Report • Invoice Monthly - Lesser of • Compensation Earned • Funds Available

  11. PROMPT PAYMENT • Section 215.422, Florida Statutes • Timeframe for Approving Goods/Services • Invoices Reduced, if Cash Not Available

  12. OTHER FUNDING REQUIREMENTS • Construction Engineering Inspection • Programmed in Year Project to Begin • Design Build Finance Firm Advances • FDOT Contracts • Reimbursement Begins in Year Originally Programmed • Bonus/Incentive/Stipend Payments • Programmed in Year the Payments Become Earnable

  13. OTHER ITEMS • Unsolicited Proposals • Federal Authorization • Cash Availability Schedule • Standard Financial Language • Method of Compensation and Funding • Schedule of Values • Prompt Payment Law

  14. PROJECTS • Advertised • I-75 (District 1) • Unsolicited - SR5/USI (District 6) • Potential • First Coast Outer Beltway (District 2) • I-595 Express Lanes (District 4) • I-95 and Pineda Interchange (District 5) • 826/836 (District 6) • I-4 Cross-town Connector (District 7)

  15. QUESTIONS Robin.naitove@dot.state.fl.us 850-414-4151 ftba db robin presentation.ppt

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