<span>This book focuses on the ten essentials of facilities planning and design. It covers topics such as strategic planning, space standards, architectural programming, site selection, master planning, environmental planning, capital improvement planning, workplace planning and design, and space ma
Managing Infrastructure Projects (second Edition) (World Scientific Series on the Built Environment)
✍ Scribed by Willie Tan
- Publisher
- WSPC
- Year
- 2023
- Tongue
- English
- Leaves
- 257
- Edition
- 2
- Category
- Library
No coin nor oath required. For personal study only.
✦ Synopsis
This book is about managing the infrastructure development cycle from project initiation to the end of the operation and maintenance phase. It focuses on the public–private partnership contract and, from this perspective, private and public sector procurement are variations. The book presents general principles that are applicable in different countries, particularly in the developing world where markets and other institutions are less developed, and uses examples to clarify ideas. In this second edition, each chapter has been expanded and updated. The treatment is more balanced between pre-tender and post-tender stages of infrastructure development. Designed for students from different backgrounds, such as information technology, business, architecture, quantity surveying, urban planning, project management, engineering, construction, facilities management, transport, finance, economics, and law, the book provides a structured guide to these diverse students as well as researchers, public officials, project sponsors, lenders, developers, contractors, subcontractors, suppliers, investors, infrastructure fund managers, insurers, facilities managers, non-government organizations, and consultants such as designers, engineers, environmental specialists, legal advisors, and brokers.
✦ Table of Contents
Contents
Preface
Chapter 1 Introduction to infrastructure
Physical infrastructure
Soft infrastructure
Ownership and performance
Infrastructure investment
Infrastructure as an asset class
Long waves of infrastructure investment
Sustainable infrastructure
Green infrastructure
Resilient infrastructure
Stakeholders
Complexity
Environmental, social, and governance framework
Challenges
References
Chapter 2 The stages of infrastructure development
Institutional framework
The project cycle
Phases in infrastructure development
Approaches to project management
Leadership and teamwork
Integration
References
Chapter 3 Project identification
Sources of projects
Project goals and objectives
Preliminary screening
Assessment of options
Preliminary study
Technical assessment
Economic appraisal
Project benefits
Benefit from marketable output
Benefit from non-marketable output
Benefit from transport cost savings
Other benefits
Non-benefits
Double-counting
Project costs
Imported inputs
Investment costs
Operating costs
Working capital
External costs
Statement of benefits and costs
Decision criteria
Pareto criterion
Kaldor–Hicks criterion
Net present value
Choice of discount rate
Internal rate of return
Cost-benefit analysis of a proposed road project
Risk assessment
Sensitivity analysis
Monte Carlo simulation
Project options
Qualitative method
Recommendation
Criticisms of cost-benefit analysis
Political, regulatory, and legal assessment
Business case
References
Chapter 4 Feasibility study
Project Brief
Feasibility study
Output and technology
Site analysis
Site appraisal
Project schedule, milestones, and length of concession period
Shadow bid model
Political feasibility and user affordability
Fiscal sustainability
Regulatory and legal assessment
Socio-environmental impacts and mitigation strategies
Public–private partnership contract structure
Project governance structure
Bankability
Possible government support
Market sounding
Business case
References
Chapter 5 Project preparation
Preparation of documents
Request for Qualification
Draft public–private partnership contract
Draft permits and approvals
Request for Proposal
Instructions to bidders
Response Package
Land acquisition
References
Chapter 6 Tender
Pre-qualifying bidders
Request for Proposal
Responding to queries
Issue of final tender
Tender deposit
Reference
Chapter 7 Sponsor’s bid preparation
Decision to tender
Development Agreement
Project team
Political, regulatory, and legal assessments
Design proposal
Price proposal
Revenue
Market study
Stock-flow model
Purchase contract
Call option
Put option
Option pricing
Procurement strategy
Lump-sum contract
Design-Build contract
Construction Management contract
Measurement contracts
Cost estimates
Schedule estimate
Quality
Construction
Inputs
Forward contracts
Futures contract
Operation and maintenance
Force majeure events
Sources of funds
Cost of funds
Amortizing loan repayment
Balloon loan repayment
Currency risks
Currency swap
Currency fluctuations
Inflation risk
Interest rate risk
Interest rate swap
Financial feasibility
Income Statement
Cash flow statement
Equity internal rate of return
Balance Sheet
Ratio analysis
Project insurances
Draft shareholders’ agreements
Draft project agreements
Direct Agreement
Construction Contract
Operation and Maintenance Contract
Off-take Agreement
Supply Agreement
Other Agreements
Business case
References
Chapter 8 Bid evaluation and contract award
Price bids
English auction
Japanese auction
Dutch auction
Vickrey auction
Sealed bid auction
Revenue equivalence
Winner’s curse
Over-bidding
Design and price bids
Best-value bids
Issues in bid evaluation
Bid opening
Award of contract
References
Chapter 9 Lender’s due diligence
In-principle approval
Borrower’s background
Project information and structuring
Expert panel
Loan negotiation
Financial agreements
Loan Agreement
Security Agreement
Equity Support Agreement
Common Terms Agreement
Accounts Agreement
Inter-Creditor Agreement
Finalization of project documents
Hedging arrangements
Financial close
Refinancing
Securitization
References
Chapter 10 Pre-construction activities
Establishment of the special purpose vehicle
Types of businesses
Project governance structure
Project Brief
Appointment of the project manager
Requirements
Scope
Procurement strategy
Appointment of the project team
Project schedule
Site survey, analysis, and engineering studies
Programming
Design Brief
Design management
Schematic design
Design development
Progressive cost and schedule estimates
Design reviews
Value engineering
Constructability review
Regulatory design approvals
Managing design information
Commissioning plan
Development of contract documents
Tender documents
Provisional and prime cost sums
Tender process
Contractor’s decision to bid
Contractor’s bid estimate
Award of construction contract
References
Chapter 11 Mobilization
Submittals
Schedule of values
Baseline plans
Site organization and staffing
Kick-off meeting
Award of subcontracts
Procurement
References
Chapter 12 Construction
Project monitoring and control
Construction schedule
Resource management
Submittals
Budget and cost systems
Managing quality
Managing safety and health
Managing scope
Managing stakeholders
Commissioning plan
Managing risks
Managing subcontractors and suppliers
Inspection plan
Documentation plan
Communications plan
Progress reports
Claims and disputes
References
Chapter 13 Project close-out
Close-out activities
Start-up and testing
Punch lists
Certificate of Substantial Completion
Final payment
Handing over of documents and materials
Certificate of Occupancy
Preparation for operation and maintenance
Release of resources
Evaluation of performance
References
Chapter 14 Operation and maintenance
Asset management
Strategic asset management
Operation and maintenance contract
Facilities management contract
Principles of maintenance
Artificial intelligence
Digital twin
Asset enhancement
Realizing the asset value
References
Chapter 15 Handing over
Early termination
Handing over issues
Public asset management
References
Index
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