Sharing the scars of a P3 capital project

John IllingworthDeputy CEO ~ Goodwin Development Trust

The Octagon –the villains

Our initial considerations

Does your project:-• Fit the funders criteria• Match• State Aid• Land • Planning permission• Cashflow• OJEU

Good SPD fit Sure Start Cap and RevN/A !You need to own someNew build/refurbIt goes out first£3.8 M

What do you know about building?

• Who has delivered a £1M capital project before ?

• Ask someone who has

How do I appoint ...

• Valuer• Contractor • Architect • Mechanical & Electrical engineers• Structural engineers • Quantity Surveyors• Clerk of Works• Lawyer

What we did wrong

• Assumed• Trusted• Believed honourable men• .......in hindsight

What did that assumption cost?

• £145,000• And a threat of a Judicial Review

It isn’t just cash that costs

And then this happened

And finally this

And a final connection?

But can you do it

yes you can !