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:

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

• Infrastructure.
• Infrastructure integrator.
• Owner.
• Project 13.
• The Institution of Civil Engineers.
• Enterprise model for infrastructure.