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PPP/PFI Training Course
This 2-day series of workshops gives you the opportunity to learn in small groups about different aspects of PFI/PPP projects. If you are new to this subject area, the full-day PFI/PPP training course will give you an allround overview and practical advice. Senior Funding for PFI Projects is designed for those wishing to brush up on funding instruments, credit issues and evaluation procedures. If you want to learn more about analysing and allocating risk, then Risk Assessment in PFI Projects is the workshop for you.

By attending the full-day training course, you will gain in-depth knowledge of PPP/PFI as a method of procurement. You will be taken through all aspects, which need to be considered in a PPP/PFI project.

Simmons & Simmons has a fully integrated, international PFI/PPP practice, which has advised on some of the largest, most innovative and complex transactions. We advise clients on all legal aspects of the structuring, financing, construction and operation of PFI Projects and were awarded the 'Projects/PFI Team of the Year' by The Lawyer magazine for 'outstanding achievement' and 'most innovative approach in Projects/PFI.

Conference agenda

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8:30

Morning Coffee

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9:00

Senior funding instruments

  • Bank debt
  • Monoline-wrapped bank debt
  • Monoline-wrapped bonds
  • Alternatives
  • Interest rate and inflation swaps
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    10:00

    The Credit Process

  • The role of the credit committee
  • Principal credit issues
  • Role of the rating agencies
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    11:00

    Choosing a funding solution and closing the deal

  • Evaluation of senior funding structures
  • Senior funding documentation
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    12:00

    Discussion and questions – review of the session

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    12:30

    Close of Workshop

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    13:30

    Registration & Coffee

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    14:00

    An analysis of risk

  • Analysing and allocating risk
  • The main benefits of risk assessment
  • Applying a model to an actual project
  • Rating PPP/PFI projects
  • Refinancing
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    15:15

    Afternoon Tea

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    15:30

    An explanation of the various risks

  • Demand risk
  • Design risk
  • Construction risk
  • Residual value risk
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    16:15

    Risk allocation

  • Assessing quantifiable and non-quantifiable risk
  • Determining where risks lie
  • Risk models
  • Risk and rewards – attitudes and allocation
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    17:00

    Discussion and Questions – review of the session

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    17:15

    Close of Workshop

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    8:30

    Registration & Coffee

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    9:00

    Introductory Session

  • Introduction to PFI/PPP
  • Explanation of different PFI/PPP structures
  • Outline of a typical PFI project (key contractual relationships)
  • Potential advantages / disadvantages of PFI
  • Statistics on number / value of PFI projects
  • State of the PFI/PPP market
  • The Contractual Framework
  • Outline of principal documents
  • Overview of the Treasury and other sector specific guidance
  • Compliance with the Treasury Guidance
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    9:45

    Morning Coffee

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    10:15

    Financial drivers in a PFI project

  • The economic drivers of a PFI project – value for money and cashflows
  • Basic explanation of project finance
  • Step-in rights and Direct Agreements
  • Refinancing and secondary markets
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    11:00

    The PPP/PFI procurement process

  • Explanation of the tendering procedure for PFI projects and procedural aspects of the procurement process
  • Summary of the Procurement Directives and the different Procurement Procedures
  • Sector-specific information (e.g. waste, 4P’,s the exemption for defence contracts and the provisions relating to public transport contracts)
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    11:45

    Consequences of infringing the Procurement Directives

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    12:00

    Networking Lunch

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    13:30

    Service commencement & performance levels

    • Part 1 - Pre-operational phase and service commencement
    • Meeting the specification and service commencement (covering authority’s role, critical dates, acceptance criteria, certification and service commencement)
      • Protections against late service commencement (liquidated damages, performance bonds, parent company guarantees, long stop date, bonus for early service commencement)
      • Relief from delay (force majeure events, compensation events and relief events)
      • Part 2 - Operational phase, performance levels and payment
      • Setting the performance level
      • Monitoring and reporting
      • Features of the payment mechanism
      • Consequences of poor performance
      • Incentives for good performance
      • Other remedies for poor performance (step-in, termination)
      • Effect of force majeure events, compensation events and relief events
      • Dispute resolution

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    14:30

    Afternoon Tea

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    15:00

    Contractual aspects of a PFI

  • Mechanisms for dealing with change (e.g change in service, change in law)
  • Project/contract management
  • Sub-contracting & assignment
  • TUPE
  • Step-in rights
  • Termination
  • Consequences of termination (payments on termination, ownership and transfer of assets etc)
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    16:15

    Questions and Close of Training Course

    Workshops

    Senior Funding for PFI Projects

    Senior Funding for PFI Projects

    The Hatton, at etc. venues
    12 July 2006
    London, United Kingdom

    Risk Assessment in PFI Projects

    Risk Assessment in PFI Projects

    The Hatton, at etc. venues
    12 July 2006
    London, United Kingdom

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SAE Media Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@saemediagroup.com

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