Funding prospectus for new developments - Revision history

Designing Buildings at 08:55, 6 November 2020

2020-11-06T08:55:23Z

← Older revision		Revision as of 08:55, 6 November 2020
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	* [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI]		* [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI]

−	[[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]]

Designing Buildings at 11:48, 11 June 2019

2019-06-11T11:48:12Z

← Older revision		Revision as of 11:48, 11 June 2019
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	NB: The damning [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI] has found '...that PFI projects are significantly more expensive to fund over the life of a project' and that there is no '...clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of finance'. It is difficult to see where this leaves PFIs, however, as long as PFI continues to allow financing not to appear in government debt figures it is likely to remain a feature of procurement in the UK.		NB: The damning [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI] has found '...that PFI projects are significantly more expensive to fund over the life of a project' and that there is no '...clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of finance'. It is difficult to see where this leaves PFIs, however, as long as PFI continues to allow financing not to appear in government debt figures it is likely to remain a feature of procurement in the UK.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Budget.		* Budget.
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	* Equity and loan capital.		* Equity and loan capital.
	* Funding options.		* Funding options.
		+	* Gross development value.
	* Mezzanine finance.		* Mezzanine finance.
	* Private Finance Initiative.		* Private Finance Initiative.
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	* Property development finance.		* Property development finance.

−	=== External links ===	+	= External links =

	* [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI]		* [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI]

	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]

Editor at 12:07, 16 March 2018

2018-03-16T12:07:53Z

← Older revision		Revision as of 12:07, 16 March 2018
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	# Redemption and options.		# Redemption and options.
	# Equity participation.		# Equity participation.
−	# Secured or unsecured ranking (~~Lenders~~ of loan capital can be given a charge on assets as security, It might be second bite after ~~say~~ a bank or it might be a percentage of assets. Hence the term ~~"~~ranking~~"~~).	+	# Secured or unsecured ranking (lenders of loan capital can be given a charge on assets as security. It might be second bite after a bank or it might be a percentage of assets. Hence the term 'ranking').
	# Survivors options in the event of death of a beneficial owner.		# Survivors options in the event of death of a beneficial owner.
	# Change in value of underlying assets.		# Change in value of underlying assets.

−	If assistance or advice is required from the consultant team or independent client advisers in the preparation of a funding prospectus, application for grants etc, then this should be made clear in appointing documents as it may not be included in their standard scope of services.	+	If assistance or advice is required from the consultant team or independent client advisers in the preparation of a funding prospectus, application for grants, etc., then this should be made clear in appointing documents as it may not be included in their standard scope of services.

−	NB: The damning [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI] has found '...that PFI projects are significantly more expensive to fund over the life of a project' and that there is no '...clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of finance'. It is difficult to see where this leaves ~~private finance initiatives~~, however, as long as PFI continues to allow financing not to appear in government debt figures it is likely to remain a feature of procurement in the UK.	+	NB: The damning [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI] has found '...that PFI projects are significantly more expensive to fund over the life of a project' and that there is no '...clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of finance'. It is difficult to see where this leaves PFIs, however, as long as PFI continues to allow financing not to appear in government debt figures it is likely to remain a feature of procurement in the UK.

	= Find out more =		= Find out more =
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	* Budget.		* Budget.
	* Business plan.		* Business plan.
		+	* Buyer-funded development.
	* Construction loan.		* Construction loan.
	* Construction project funding.		* Construction project funding.

Editor at 13:30, 26 February 2018

2018-02-26T13:30:08Z

← Older revision		Revision as of 13:30, 26 February 2018
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−	It is rare in the private sector for the client to provide all the funding for its capital projects, and even in the public sector, the government has sought to use external funding for its capital projects by means of the private finance initiative (PFI) and other initiatives. See ~~funding~~ options for more information.	+	It is rare in the private sector for the client to provide all the funding for its capital projects, and even in the public sector, the government has sought to use external funding for its capital projects by means of the private finance initiative (PFI) and other initiatives.
		+
		+	See Funding options for more information.

	To solicit competition and attract good rates from institutions or private investors, while reducing due diligence costs, it can be a worthwhile investment to prepare a well-presented funding prospectus setting out the project's financial requirements.		To solicit competition and attract good rates from institutions or private investors, while reducing due diligence costs, it can be a worthwhile investment to prepare a well-presented funding prospectus setting out the project's financial requirements.
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	If assistance or advice is required from the consultant team or independent client advisers in the preparation of a funding prospectus, application for grants etc, then this should be made clear in appointing documents as it may not be included in their standard scope of services.		If assistance or advice is required from the consultant team or independent client advisers in the preparation of a funding prospectus, application for grants etc, then this should be made clear in appointing documents as it may not be included in their standard scope of services.

−	NB The damning [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI] has found '...that PFI projects are significantly more expensive to fund over the life of a project' and that there is no '...clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of finance'. It is difficult to see where this leaves private finance initiatives, however as long as PFI continues to allow financing not to appear in government debt figures it is likely to remain a feature of procurement in the UK.	+	NB: The damning [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI] has found '...that PFI projects are significantly more expensive to fund over the life of a project' and that there is no '...clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of finance'. It is difficult to see where this leaves private finance initiatives, however, as long as PFI continues to allow financing not to appear in government debt figures it is likely to remain a feature of procurement in the UK.

	= Find out more =		= Find out more =
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	* Business plan.		* Business plan.
	* Construction loan.		* Construction loan.
		+	* Construction project funding.
	* Cost plans.		* Cost plans.
	* Equity and loan capital.		* Equity and loan capital.

Editor at 12:41, 26 April 2017

2017-04-26T12:41:03Z

← Older revision		Revision as of 12:41, 26 April 2017
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	* Equity and loan capital.		* Equity and loan capital.
	* Funding options.		* Funding options.
		+	* Mezzanine finance.
	* Private Finance Initiative.		* Private Finance Initiative.
	* Procurement route.		* Procurement route.

Editor at 12:39, 20 March 2017

2017-03-20T12:39:48Z

← Older revision		Revision as of 12:39, 20 March 2017
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	* Private Finance Initiative.		* Private Finance Initiative.
	* Procurement route.		* Procurement route.
		+	* Project-based funding.
	* Property development finance.		* Property development finance.

Editor at 14:25, 7 January 2016

2016-01-07T14:25:07Z

← Older revision		Revision as of 14:25, 7 January 2016
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−
	It is rare in the private sector for the client to provide all the funding for its capital projects, and even in the public sector, the government has sought to use external funding for its capital projects by means of the private finance initiative (PFI) and other initiatives. See funding options for more information.		It is rare in the private sector for the client to provide all the funding for its capital projects, and even in the public sector, the government has sought to use external funding for its capital projects by means of the private finance initiative (PFI) and other initiatives. See funding options for more information.

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	The prospectus will largely draw on the business case for its content but will also address:		The prospectus will largely draw on the business case for its content but will also address:
−	*Intent and summary of the project finances.	+
−	*Risk factors.	+	* Intent and summary of the project finances.
−	*Management team.	+	* Risk factors.
−	*Funding criteria including:	+	* Management team.
−	#Maturity dates.	+	* Funding criteria including:
−	#Payments of interest and fixed or floating rates.	+
−	#Redemption and options.	+	# Maturity dates.
−	#Equity participation.	+	# Payments of interest and fixed or floating rates.
−	#Secured or unsecured ranking (Lenders of loan capital can be given a charge on assets as security, It might be second bite after say a bank or it might be a percentage of assets. Hence the term "ranking").	+	# Redemption and options.
−	#Survivors options in the event of death of a beneficial owner.	+	# Equity participation.
−	#Change in value of underlying assets.	+	# Secured or unsecured ranking (Lenders of loan capital can be given a charge on assets as security, It might be second bite after say a bank or it might be a percentage of assets. Hence the term "ranking").
		+	# Survivors options in the event of death of a beneficial owner.
		+	# Change in value of underlying assets.

	If assistance or advice is required from the consultant team or independent client advisers in the preparation of a funding prospectus, application for grants etc, then this should be made clear in appointing documents as it may not be included in their standard scope of services.		If assistance or advice is required from the consultant team or independent client advisers in the preparation of a funding prospectus, application for grants etc, then this should be made clear in appointing documents as it may not be included in their standard scope of services.
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	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
−	*Budget.	+
−	*Business plan.	+	* Budget.
−	*Cost plans.	+	* Business plan.
−	*Equity and loan capital.	+	* Construction loan.
−	*Funding options.	+	* Cost plans.
−	*Private Finance Initiative.	+	* Equity and loan capital.
−	*Procurement route.	+	* Funding options.
−	*Property development finance.	+	* Private Finance Initiative.
		+	* Procurement route.
		+	* Property development finance.

	=== External links ===		=== External links ===
−	*[http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI]

−	[~~[Category~~:~~Cost_~~/~~_business_planning]~~]	+	* [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI]
		+
	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]

Designing Buildings: moved Funding prospectus to Funding prospectus for new developments

2014-06-05T06:52:51Z

moved Funding prospectus to Funding prospectus for new developments

← Older revision

Revision as of 06:52, 5 June 2014

Designing Buildings at 11:18, 14 February 2013

2013-02-14T11:18:38Z

← Older revision		Revision as of 11:18, 14 February 2013
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	NB The damning [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI] has found '...that PFI projects are significantly more expensive to fund over the life of a project' and that there is no '...clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of finance'. It is difficult to see where this leaves private finance initiatives, however as long as PFI continues to allow financing not to appear in government debt figures it is likely to remain a feature of procurement in the UK.		NB The damning [http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm 2011 House of Commons Treasury Select Committee report on PFI] has found '...that PFI projects are significantly more expensive to fund over the life of a project' and that there is no '...clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of finance'. It is difficult to see where this leaves private finance initiatives, however as long as PFI continues to allow financing not to appear in government debt figures it is likely to remain a feature of procurement in the UK.

−	= ~~See also~~ =	+	= Find out more =

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

Designing Buildings at 08:13, 27 November 2012

2012-11-27T08:13:39Z

← Older revision		Revision as of 08:13, 27 November 2012
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−	It is rare in the private sector for the client to provide all the funding for its capital projects, and even in the public sector, the government has sought to use external funding for its capital projects by means of the private finance initiative (PFI) and other ~~intiatives~~.	+	It is rare in the private sector for the client to provide all the funding for its capital projects, and even in the public sector, the government has sought to use external funding for its capital projects by means of the private finance initiative (PFI) and other initiatives. See funding options for more information.

	To solicit competition and attract good rates from institutions or private investors, while reducing due diligence costs, it can be a worthwhile investment to prepare a well-presented funding prospectus setting out the project's financial requirements.		To solicit competition and attract good rates from institutions or private investors, while reducing due diligence costs, it can be a worthwhile investment to prepare a well-presented funding prospectus setting out the project's financial requirements.
Line 28:		Line 28:
	*Cost plans.		*Cost plans.
	*Equity and loan capital.		*Equity and loan capital.
−	*Funding ~~prospectus~~.	+	*Funding options.
	*Private Finance Initiative.		*Private Finance Initiative.
	*Procurement route.		*Procurement route.