01. (SFAA > What's New > General > Monday, July 06, 2015 ENR Surety Section posted » Engineering New Record (ENR) Surety Section 2015 posted. View previous ENR Surety Supplements .)
- First Surety Product to Receive Favorable S&P Credit for a P3 Project in North America, Stan Halliday, p.21
a surety, surety bond or guaranty
letters of credit (LOCs)
accounts receivable / (surety first right to a contractor's account google)
- Performance Bonds And Priority Of Article 9 Security Interests
Performance Bonds And Priority Of Article 9 Security Interests _ Quincy Attorneys Blog.htm
How Surety Bonds Work.docThe legal system in the U.S. and Canada typically allow a surety to have first right to a contractor's accounts receivables on bonded projects. With this critical asset committed to a contractor's surety, many lenders struggle to extend LOC capacity to U.S. or Canadian Contractors beyond their excess cash balances.
02. (p3 project btl bto google)
- Public–Private Partnership Infrastructure Projects: Case Studies from the Republic of Korea. Volume 1: Institutional Arrangements and Performance / © 2011 Asian Development Bank, ISBN 978-92-9092-303-9 / 김재형, 김정욱, 신성환, 이승연
Institutional Settings for Public–Private Partnerships > Legal Framework, p.8
The hierarchy of the legal arrangements for PPPs is
• PPP Act,
• PPP Enforcement Decree,
• PPP Basic Plan, and
• PPP Implementation Guidelines,
- (사회기반 국가법령정보센터 영문법령)사회기반시설에 대한 민간투자법 ACT on PUBLIC-PRIVATE PARTNERSHIPS IN INFRASTRUCTURE
03. (project finacing private sector google)
- Private Sector Financing | Asian Development Bank
- IDB - Private Sector Projects
- Private Sector Investment in Infrastructure: Project Finance ...
- [pdf] Project Finance - HSBC Global Banking and Markets
p.2
Arguably the most prolific use of project financing has been the U.K. 'Private Finance Initiative'(PFI) which began in 1992 and has been actively promoted and managed by the successive British governments since then. PFI is the commoditisation of public-private partnerships(PPP) into a systematic programme. PPP is a specific form of Project Finance where a public service is funded and operated through a partnership of government and the private sector, typically structued under a long term concession arrangement.
04. (project finacing p3 google)
- [PDF]Financial Structuring of Public–Private Partnerships (P3s)
factsheet_04_financialstructuring.pdf
project financing is a specific type of financing used in P3s, through which an expected future revenue stream generated from users of a project or committed by a public agency is the primary means for repaying the upfront investment needed to fund it;
05. (ppp pf google)
- Project finance (including PPP's and PF) - Carnegie Consult
Carnegie Consult provides support in structuring project finance deals and in attracting funding from investors and commercial banks, development banks, state owned banks and IFIs.
For PPP projects, Carnegie advises governments when considering, structuring and modelling PPP-transactions.
For corporates, we provide a broad range of advisory services from structuring finance to financial modelling and risk management.
- Willis - PPP-PFI (Public Private Partnerships and Private Finance Initiative)
PPP / PFI is a form of procurement where the public sector procures services over a prescribed concession period (frequently 20 years or more) in a manner which leaves the risk of ownership and efficient operation of the project facilities with a private sector supplier. It is a modern form of public sector procurement designed to achieve improved value for money through a focus on whole life costing and increased risk transfer to the private sector. PPP / PFI is not the same as privatisation as the public sector retains ultimate responsibility to the public for the service concerned. PPP / PFI has become a well established concept and is adopted in many territories around the world.
06. (difference ppp and pfi goole)
- [DOC]Private Finance Initiative and Public Private Partnerships
Section 1 - Intoduction, The difference between PFI and PPP
PFI and PPP projects are very similar. PFI is a particular method of financing private investment which requires the private sector design, build, finance and operate facilities. PPP is a generic term used to describe partnerships which involve more flexible methods of financing and operating facilities and/or services although the end result in terms of privatisation is usually the same.
Partnerships are not new. High rise flats mushroomed across Britain in the 1950s and 60s as construction companies made deals with local authorities, committed to getting rid of the slums, and encouraged by the Conservative government special housing subsidies for high rise prefabricated housing. In the ‘modern’ version, contractors and financiers are guaranteed repayment of their costs and also get to own and manage facilities, generate income from third party use, a 25-35 year repairs and maintenance contract, and the ability to negotiate which other support services they would like to provide.
- [PDF]Enquiry Blank - National Assembly for Wales
1.1 PPP & PFI – what’s the difference?
A PPP is any joint venture between a public body and a private company. There is no formally agreed definition of PPP and PFI and the terms are often used interchangeably. Generally, PPPs can be thought of as being much wider than PFIs, as PPP encompasses a range of different partnership models. Arrangements are less formalised under PPP than PFI and projects may involve a mix of end user charges and public subsidy. The following gives a feel of the overall principles behind these terms.
Public Private Partnership (PPP)
– any joint venture between the public and private sectors to improve the efficiency of public sector services.
Private Finance Initiative (PFI)
– a form of PPP which involves using private sector funding to deliver projects that were traditionally provided by the public sector. PFI involves the private sector owning and operating, while the public sector has a larger role in regulation.
There are many different forms, or models, of PPP including;
Joint venture companies (JVCs)_1, which are companies set up to undertake a specific project. JVCs were developed within local government to deliver investment in local services over a long-term contract; they involve both the public and private sectors and seek to increase capital investment to assist service delivery or encourage economic development and urban regeneration.
Public Social Private Partnerships (PSPPs) are another variant of PPP which involve social enterprises forming partnerships with public bodies and private partners.
On an international level, the World Health Organisation (WHO), which is financed through the United Nations system by contributions from member states, receives half its budget via finance from private foundations (eg Bill and Melinda Gates Foundation, Rockefeller Foundation and pharmaceutical industry). Some of these collaborative relationships could be regarded as Global PPPs (GPPPs).
1 Joint venture company (JVC) - have joint public and private ownership and take the form of a company established to carry out the activities of that partnership.
The PFI is a form of PPP which marries a public procurement programme, (where the public sector purchases capital items from the private sector), to an extension of contracting out, (where public services are contracted from the private sector). The key political driver behind PFI is to improve the public sector infrastructure without placing undue pressure on public funds. The private sector partner raises finance to fund the project. This is generally through a mixture of debt finance (in the form of either bank or bond finance) and equity finance (where investors have shares in the project company which has been awarded the contract). PFI effectively changes the role of the
public sector from owner and provider to enabler and purchaser. The guiding principles of the PFI are: the private sector should assume risk without guarantee by the taxpayer against loss; and value for money_2 should be demonstrated for any expenditure by the public sector
A PFI contract demonstrates three principle characteristics;
1. Significant capital expenditure by the contractor - investments financed by private sources including equity and debt securities.
2. Bundling of operational tasks within the partnership - rather than outsourcing each service, PFI combines most operations to give a package of services within one contract.
3. Performance-based payment – unlike classical outsourcing, PFI involves payments made during the contract period, dependent on performance measures which are evaluated over time.
Due to the wide ranging nature of PPPs and the lack of a formally agreed definition of what exactly constitutes a PPP, there is no centrally collected source of information for PPPs in general. Thus, it is difficult to obtain information on PPPs, in terms of guidance, policy and projects underway. For this reason, this paper focuses mainly on the PFI.
- [PDF]Private Finance Initiatives - CIPS
Private Finance Initiatives.pdf
There are a number of different forms of PPP, of which PFI is one. Other forms of PPP include strategic service delivery partnerships, joint venture companies and arrangements where private sector skills are used to sell public sector services and assets into a wider market. There are inevitably similarities and crossover between different forms of PPP. The key distinction between PFI and other forms of PPP is the use of private sector finance and the length of the contracts involved. PFI is typically used for capital intensive projects.
07. (pfi btl dbpia)
주재홍, 국토연구 통권 제53권, 2007.6, 241-258 (18 pages)
08. (what is pfi google)
- Private Finance Initiative: where did all go wrong? - Telegraph
Private Finance Initiative where did all go wrong - Telegraph.htm
09. (project financing vs direct financing google)
- [PDF]Direct and indirect financing - Stop Explosive Investments
Direct and indirect investments.pdf
10. (alternative investment ppp google)
- Capital markets in PPP financing - European PPP Expertise Centre
- Public–private partnership - Wikipedia, the free encyclopedia
'Information' 카테고리의 다른 글
| 하나은행 조직도(2015.08.06. 기준) (0) | 2015.08.06 |
|---|---|
| 국민은행 조직도(2015.08.06. 기준) (0) | 2015.08.06 |
| 우리나라 부두운영회사제 시행의 성과 분석, 정봉민, 월간해양수산(2004.03) (0) | 2015.07.09 |
| 주식발행비용에 대한 주식할인발행차금 (0) | 2015.07.07 |
| 가계신용 (0) | 2015.07.03 |