Infrastructure investor
Project 13 is an Institution of Civil Engineers (ICE) - led initiative to boost certainty and productivity in the delivery of infrastructure, to improve whole-life outcomes and to support a more sustainable, innovative, highly-skilled industry. It is a response to a general perception that the infrastructure sector’s current operating model is broken, with projects delivered over budget, over time and below par.
Project 13 proposes an 'enterprise model' rather than a traditional construction programme model in which:
- The owner is central and leads the enterprise, defining long-term value.
- Suppliers and advisors have direct relationships with the owner.
- An ‘integrator’ actively engages and integrates all tiers of the market.
- The key suppliers, owner, advisor and integrator work as one team to optimise value.
Project 13 defines an infrastructure 'investor' as:
| The organisation(s) that reviews the infrastructure programme for viability, secures funding and dictates policy on how finance will be secured. They also contribute to the definition of value with indirect benefits such as socio-economic outcomes. |
It suggests that the responsibilities of the ‘investor’ are to:
- Lead the financial strategy.
- Realise the financial benefits/return on investment.
- Approve the business case and delivery strategy (in conjunction with the owner).
- Agree the value outcome with the owner through the business case (in conjunction with the owner).
- Respond to external environment/risks.
- Develop policy and strategic plans.
- Define value and non-asset outcomes expected from the investment (e.g. socio-economic benefits expected) in line with the corporate responsibilities in Section 172 of the Companies Act for Private Sector Investors.
- Develop a highly aligned (and longer-term) relationship with the owner.
Ref: P13 Blueprint, Institution of Civil Engineers, May 2018.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Shading for housing, a design guide
A look back at embedding a new culture of shading.
The Architectural Technology Awards
The AT Awards 2025 are open for entries!
ECA Blueprint for Electrification
The 'mosaic of interconnected challenges' and how to deliver the UK’s Transition to Clean Power.
Grenfell Tower Principal Contractor Award notice
Tower repair and maintenance contractor announced as demolition contractor.
Passivhaus social homes benefit from heat pump service
Sixteen new homes designed and built to achieve Passivhaus constructed in Dumfries & Galloway.
CABE Publishes Results of 2025 Building Control Survey
Concern over lack of understanding of how roles have changed since the introduction of the BSA 2022.
British Architectural Sculpture 1851-1951
A rich heritage of decorative and figurative sculpture. Book review.
A programme to tackle the lack of diversity.
Independent Building Control review panel
Five members of the newly established, Grenfell Tower Inquiry recommended, panel appointed.
Welsh Recharging Electrical Skills Charter progresses
ECA progressing on the ‘asks’ of the Recharging Electrical Skills Charter at the Senedd in Wales.
A brief history from 1890s to 2020s.
CIOB and CORBON combine forces
To elevate professional standards in Nigeria’s construction industry.
Amendment to the GB Energy Bill welcomed by ECA
Move prevents nationally-owned energy company from investing in solar panels produced by modern slavery.
Gregor Harvie argues that AI is state-sanctioned theft of IP.
Experimental AI housing target help for councils
Experimental AI could help councils meet housing targets by digitising records.
BSRIA Occupant Wellbeing survey BOW
Occupant satisfaction and wellbeing tool inc. physical environment, indoor facilities, functionality and accessibility.