A guide to the procurement of privately financed projects : by Douglas and Merna, Tony Lamb

By Douglas and Merna, Tony Lamb

A consultant to the procurement of privately financed tasks: an indicative evaluate of the procurement procedure outlines the idea that of privately financed initiatives (PFP) that may be used for either public-private and private-private interactions. utilizing versions from many nations the consultant develops a powerful procurement approach appropriate to PFP and undertaking finance in either the european and out of the country. This advisor offers a scientific procedure for the instruction and assessment of privately financed initiatives (PFP) and prone

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Extra resources for A guide to the procurement of privately financed projects : an indicative assessment of the procurement processes

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3. Using the FELCH analysis to select a procurement process is not a cast-iron guarantee that the proposed process is the most efficient; rather the analysis is there to assist users to look at the systems currently operational in the market and assess their robustness for the task ahead. Projects may fail in specific areas regarding the aims and objectives and so the user must address such specific areas by incorporating or adjusting the procurement elements involved in each phase of the procurement process.

1. The degree of disclosure varies; as markets become more mature and transparent the level of disclosure may become more open. It is not recommended that principals form single strategies regarding disclosure as proposed by Smith (1999). Instead principals should seek to innovate upon the systems used to test the bidders as bidders become more accustomed to the evaluation techniques, rendering the argument of degree disclosure irrelevant. The evaluation system and associated weighting mechanisms must be decided with the project team.

At the core are objective-orientated procurement elements. 5 Procurement elements Number Procurement element Acronym Estimated duration: weeks 1 2 3 4 5 6 7 8 9 10 11 12 13 Total Project review Expression of interest Soft market testing Outline business case OJEC advertisementà Pre-qualification questionnaire Invitation to submit outline proposal Invitation to negotiate Best and final offer Preferred bidder Due diligence Full business case Financial closure PR EoI SMT OBC OJEC PQQ ISOP ITN BaFO PB DD FBC FC 4 4 3 12 6 8 10 12 16 6 4 8 1 94 à The guide uses CUP guidance No.

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