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Explore EFCOG's findings on alternative finance practices in the DOE Complex, with project details, challenges, and recommendations. Discover how EFCOG aims to streamline processes and promote cost-effective solutions.
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EFCOG Alternative Finance Survey Results Presented toInfrastructure Management Working Group2006 Fall Meeting Lanny BatesAsset Acquisition and Disposition Subgroup October 18, 2006
Purpose Inquiry to EFCOGmember companies What is alternate financing? • To gather information on alternate finance projects being considered or under development across the DOE Complex • Projects that involve the site M&O contractor obtaining the use of office space or other facilities through • Various third-party financing • Public-private partnerships • Lease arrangements
Survey questions • Site/project • Brief description • Facility size • Estimated project cost • Acquisition approach • Schedule • Status • Major challenges • Lessons learned • “How can EFCOG help?”
Common themes • Lack of guidance or policy • Wide diversity of approaches are attempted • No consistency or commonality • Eliminates any opportunity for process streamlining • More interactive reviews would save time • Time is money • Review and approval of alternative finance deals is equal to or greater than design and construction
How can EFCOG help? • Promote and assist in • Recognizing the time and cost advantagesof alternative finance to the government • Providing guidelines for developmentof projects • Simplifying the review process