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Sharing the scars of a P3 capital project

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

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Sharing the scars of a P3 capital project

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  1. Sharing the scars of a P3 capital project John Illingworth Deputy CEO ~ Goodwin Development Trust

  2. The Octagon –the villains

  3. 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 Rev N/A ! You need to own some New build/refurb It goes out first £3.8 M

  4. What do you know about building? • Who has delivered a £1M capital project before ? • Ask someone who has

  5. How do I appoint ... • Valuer • Contractor • Architect • Mechanical & Electrical engineers • Structural engineers • Quantity Surveyors • Clerk of Works • Lawyer

  6. What we did wrong • Assumed • Trusted • Believed honourable men • .......in hindsight

  7. What did that assumption cost? • £145,000 • And a threat of a Judicial Review It isn’t just cash that costs

  8. And then this happened

  9. And finally this

  10. And a final connection?

  11. But can you do it yes you can !

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