Beruflich Dokumente
Kultur Dokumente
2
What Does Project Delivery
System/Method Mean?
• Term referring to all the contractual relations,
roles and responsibilities of the entities
involved in a project.
• AGC defines as “the comprehensive process of
assigning the contractual responsibilities for
designing and constructing a project. A
delivery method identifies the primary parties
taking contractual responsibility for the
performance of the work.”
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Design-Bid-Build
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Design-Build
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Construction Management-at-Risk
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Public-Private-Partnership
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Public-Private-Partnership
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Public-Private-Partnership
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APD is the Future
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Financial Analysis of APD Road Projects
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Financial Analysis of APD Road Projects
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Financial Analysis of APD Road Projects
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Financial Analysis of APD Road Projects
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The Project Delivery Systems Analyzed
• Taxes excluded
• All work assumed to be out-sourced.
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Financial Estimates/Assumptions
• Risk-free rate: 4%
• Industry margin (increased borrowing for
private sector above risk-free government
bonds rate): .5%
• Cost escalation/inflation: 2%
• Social opportunity costs: 4% risk-free rate
• Share of equity: 10% of project financing
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Financial Estimates
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Other Estimates
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Conclusions
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Conclusions
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Conclusions
• Sensitivity analysis
– Changes in estimates do not usually affect the
ranking order of DBB, CM, DB, and DBO since
any alteration affects them much the same.
– The lines representing CM and DBB are not
completely parallel when variations occur in cost
escalation and social opportunity costs due to
differences in speed of construction.
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Conclusions
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Conclusions
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Conclusions
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