The failure of Metronet

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780102954968
Total Pages : 64 pages
Book Rating : 4.9/5 (549 download)

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Book Synopsis The failure of Metronet by : Great Britain: National Audit Office

Download or read book The failure of Metronet written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2009-06-05 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Metronet - a private infrastructure company responsible for the maintenance and upgrade of sections of the London Underground - went into administration in July 2007. Transport for London (TfL) guaranteed 95 per cent of Metronet's borrowing, with the Secretary of State for Transport assuring Metronet's lenders that the Department for Transport (DfT) would not just stand by should London Underground or TfL be unable to honour this guarantee. When Metronet failed, the DfT made a £1.7 billion payment to meet the guarantee so that the running of the Underground would not be compromised. London Underground managed the Metronet contract but DfT had a responsibility to protect the taxpayer from any financial liability. The PPP contracts gave the DfT few formal levers to protect the taxpayer, leaving the DfT to rely upon other parties, including London Underground, TfL and Metronet's shareholders and lenders. When these parties did not resolve Metronet's problems, and Metronet failed, the taxpayer was left exposed. This exposure crystallized in the early repayment of £1.7 billion to Metronet's lenders, and a loss to the taxpayer equivalent to between 4 per cent and 10 per cent of the work delivered (£170 - £410 million). DfT needs to consider how to reduce future risks to the taxpayer and, with the Mayor of London, how best to ensure effective and efficient delivery of improvements and maintenance of the Underground. The DfT sees TfL's ownership of Metronet as an interim solution and a joint decision from the Secretary of State for Transport and the Mayor of London on a long-term solution is awaited.

Implementing and Managing Collaborative Relationships

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Publisher : CRC Press
ISBN 13 : 1000601404
Total Pages : 116 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Implementing and Managing Collaborative Relationships by : Andrew Humphries

Download or read book Implementing and Managing Collaborative Relationships written by Andrew Humphries and published by CRC Press. This book was released on 2022-06-19 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today’s competitive, globalized marketplace, the provision of services and products is a result of teamwork between several organizations. Relationships between organizations of any size are strategically important. If your supplier falls down at a crucial moment, it can have survival implications for your company or for other members of your supply chain. The management of these strategic assets cannot be left to chance and the same attention that you devote to finance, operations, HR, etc. must be applied to business relationships. Despite this, very few organizations focus on this or are even aware that they need to do it. Those that do are unsure how to do it. This is not helped by business schools that focus on either customer relationship management (CRM) or supplier relationship management (SRM) rather than collaboration between partners (Enterprise Relationship Management). This book is a unique "go-to" guide for all managers who should be looking at collaboration with other organizations as a new way to attain outstanding results that would not be achieved on their own. Currently, there is nothing else of this nature on the market. The book identifies relationship management as a pivotal management function. It presents a comprehensive, flexible, end-to-end management process that can be easily incorporated into the existing management structures. Further, they describe the crucial role of the relationship manager who is at the heart of the system and provides the drive to achieve high performance. Any company can tailor this discipline to the needs of its organization – whether an SME or a multi-national company selecting a new partner or managing existing relationships. This book covers the decision of whether or not to partner and with whom, the creation of an appropriate system of governance, the transition to operations, managing performance for continuous improvement, and, finally, controlled wind-up of the partnership. Throughout, diagrams to signpost the sequence of activities, checklists of important actions, and job-related worksheets are provided. In addition, there are numerous case studies in a variety of industries and public sectors that will be used as illustrations. Altogether these make this book ideally suitable for experienced managers as well as for training and induction purposes. Essentially, Implementing and Managing Collaborative Relationships: A Practical Guide for Managers shows managers how they can create and operate a simple and effective system of Enterprise Relationship Management that will enable them to maximize efficiency, resilience, innovation, and profitability.

Department for Transport

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Publisher : The Stationery Office
ISBN 13 : 9780215544216
Total Pages : 44 pages
Book Rating : 4.5/5 (442 download)

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Book Synopsis Department for Transport by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Department for Transport written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2010-03-02 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2003, the Government entered into three innovative 30 year contracts with private sector contractors to upgrade London's underground rail system. Four years later, in 2007, two of the three contractors (Metronet BCV and Metronet SSL, known collectively as Metronet) went into administration when they could no longer meet their spending obligations. The loss to the taxpayer arising from Metronet's poor financial control and inadequate corporate governance is some £170 million to £410 million. The Department's oversight and management of risk on the Metronet contracts were inadequate, especially given that it provided a £1 billion a year grant, was ultimately responsible for delivery and carried the majority of the risk of failure. These failings ignored a clear warning from the National Audit Office in 2004 that they should avoid taking a 'hands-off' approach to oversight. The Department undermined its assumption that lenders would exercise strong oversight by assuring them that it would meet 95 per cent of the outstanding debt in the event of failure. The public sector parties to the contract were unable to obtain the information they needed to oversee the contract effectively. A serious weakness in the arrangements was that the independent Public Private Partnerships (PPP) Arbiter was not invited to act at the earliest opportunity, rendering him largely ineffective. The Department must learn from its mistakes, have the right commercial skills in place and perform robust risk analysis when negotiating such contracts, to monitor the risks thereafter, and be prepared to intervene where necessary.

Public–Private Partnerships and the Law

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781004552
Total Pages : 329 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Public–Private Partnerships and the Law by : Yseult Marique

Download or read book Public–Private Partnerships and the Law written by Yseult Marique and published by Edward Elgar Publishing. This book was released on 2014-08-30 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book examines the legal regulation of Public_Private Partnerships (PPPs) and provides a systematic overview of PPPs and their functions. It covers both the contractual relationships between public and private actors and the relationships be

ITF Round Tables Better Regulation of Public-Private Partnerships for Transport Infrastructure

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Author :
Publisher : OECD Publishing
ISBN 13 : 9282103951
Total Pages : 231 pages
Book Rating : 4.2/5 (821 download)

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Book Synopsis ITF Round Tables Better Regulation of Public-Private Partnerships for Transport Infrastructure by : International Transport Forum

Download or read book ITF Round Tables Better Regulation of Public-Private Partnerships for Transport Infrastructure written by International Transport Forum and published by OECD Publishing. This book was released on 2013-09-26 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report examines the nature of risks and uncertainty associated with different types of public-private partnership projects and the practical consequences of transferring risks to private partners.

ITF Roundtable Reports Ex-Post Assessment of Transport Investments and Policy Interventions

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Author :
Publisher : OECD Publishing
ISBN 13 : 9282108155
Total Pages : 132 pages
Book Rating : 4.2/5 (821 download)

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Book Synopsis ITF Roundtable Reports Ex-Post Assessment of Transport Investments and Policy Interventions by : International Transport Forum

Download or read book ITF Roundtable Reports Ex-Post Assessment of Transport Investments and Policy Interventions written by International Transport Forum and published by OECD Publishing. This book was released on 2017-02-28 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ex-post evaluation is important to improving the delivery of transport policy objectives. It can be used for multiple purposes at the core of which is the improvement of ex-ante assessment. A small number of jurisdictions employ ex-post evaluation systematically and leading experience is ...

Update on the London Underground and the public-private (PPP) partnership agreements

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780215545305
Total Pages : 90 pages
Book Rating : 4.5/5 (453 download)

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Book Synopsis Update on the London Underground and the public-private (PPP) partnership agreements by : Great Britain: Parliament: House of Commons: Transport Committee

Download or read book Update on the London Underground and the public-private (PPP) partnership agreements written by Great Britain: Parliament: House of Commons: Transport Committee and published by The Stationery Office. This book was released on 2010-03-26 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Update on the London Underground and the public-private (PPP) partnership Agreements : Seventh report of session 2009-10, report, together with formal minutes, oral and written Evidence

Global Construction Success

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Publisher : John Wiley & Sons
ISBN 13 : 1119440254
Total Pages : 354 pages
Book Rating : 4.1/5 (194 download)

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Book Synopsis Global Construction Success by : Charles O'Neil

Download or read book Global Construction Success written by Charles O'Neil and published by John Wiley & Sons. This book was released on 2019-02-26 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to effective corporate and project management in the construction industry with a focus on the role that people play in the process Global Construction Success explores the importance that human dynamics play in risk management of construction projects. Every time a project is structured, designed and built, personal behaviours and inputs can either lead to success or be the cause of failure. With contributions from noted experts on the topic, the book offers insight into stakeholders' reactions in a variety of situations, provides expert analyses of risk management and proposes potential solutions and recommendations in order to ensure effective construction management. The book explores common causes of project failure, outlines the key factors of successful projects, shows how to implement Public Private Partnerships, explores the different stages of structuring projects and reveals what it takes to manage difficult client/contractor relationships. International case studies of major projects clearly illustrate how communications and relationships can lead to helpful solutions to commonly encountered challenges to achieve positive results. Offers a comprehensive review of the impact human dynamics play in the success or failure of construction projects Stresses the importance of the leadership of senior management Offers a chapter on managing and resolving conflicts Shows why the industry needs better risk management Includes new information for managing communications and relationships Explores new areas of technology that are being embraced by the construction industry Written for construction industry senior management in both the corporate and government sectors, project management professionals, consultants and supply chain participants, Global Construction Success includes material for minimizing risk and improving management quality and profitability when working with international construction projects.

The London Underground and the public-private partnership agreements

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780215038319
Total Pages : 134 pages
Book Rating : 4.0/5 (383 download)

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Book Synopsis The London Underground and the public-private partnership agreements by : Great Britain: Parliament: House of Commons: Transport Committee

Download or read book The London Underground and the public-private partnership agreements written by Great Britain: Parliament: House of Commons: Transport Committee and published by The Stationery Office. This book was released on 2008-01-25 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report from the Transport Committee, examines London Underground and the Public-Private Partnership Agreements. The Government originally announced proposals for modernising the London Underground network system via Public-Private Partnership (PPP) agreements in 1998. Three contracts were drawn up with: (i) Tube Lines for the maintenance and renewal of the Jubilee, Piccadilly and Northern Lines; (ii) with Metronet Rail BVC for the maintenance and renewal of the Bakerloo, Central, Victoria & Waterloo & City Lines; (iii) with Metronet Rail SSL, responsible for the maintenance and renewal of the "sub-surface lines": the Circle, District, Hammersmith & City, Metropolitan & East London Lines. These PPP Agreements, 30 years in duration, were arrangements to maintain, renew and upgrade parts of London Underground by private sector infrastructure companies (Infracos), whilst London Underground is responsible for services to customers. The PPP Agreements also set out a performance-related incentive and penalty scheme to remunerate the Infracos for the improvements they make to the network. In May 2007, Metronet admitted an overspend of £1 billion and was refused access to loan facilities by the banks. It then made a reference to the PPP Arbiter, which in turn triggered an Extraordinary Review (which occurs when extra costs are incurred above the level allowed for the bid). Metronet put in a bid for £551m but the PPP Arbiter provisionally concluded that a sum of £121m was appropriate. Metronet subsequently went into administration on 18 July 2007. The report sets out a number of conclusions and recommendations, including: contracts that were supposed to deliver 35 station upgrades, in fact delivered only 14, 40% of the requirement; stations that were supposed to cost Metronet SSL £2m, cost £7.5m, with only 65% of schedule track renewal accomplished; the Committee criticises the consequences of the imposition of PPP on Transport for London, as a "lamentable state of affairs", with the future of most of London Underground's upgrade and maintenance work in doubt; the Committee states, that the Government should remember the failure of Metronet before it considers entering similar arrangements; that the Government should publish a candid analysis of the events preceding Metronet's collapse and its consequences; the Committee believe that the PPP model was flawed and probably inferior to traditional public-sector management; that the Government needs to prioritise transparency and clarity to taxpayers and ensure that any future contracts result in clear accountability.

Public Sector Management

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Author :
Publisher : SAGE
ISBN 13 : 1446258408
Total Pages : 297 pages
Book Rating : 4.4/5 (462 download)

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Book Synopsis Public Sector Management by : Norman Flynn

Download or read book Public Sector Management written by Norman Flynn and published by SAGE. This book was released on 2012-03-26 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The highly-anticipated sixth edition of Norman Flynn's Public Sector Management continues to provide students with an insightful, jargon-free description, analysis and critique of the management of the public sector by the UK government. New to the sixth edition: Fully updated to take account of the coalition government and the impact of the financial crisis on public spending. Four new chapters on managing public finance, e-government, regulation and public-private partnerships. Expanded learning features including:, additional boxed examples, annotated suggestions for further reading and suggestions for discussion topics and references to journal articles. New companion website with free access to full-text journal articles, policy documents, links to useful websites, and relevant multimedia and social media resources. www.sagepub.co.uk/flynn6 Public Sector Management will prove invaluable reading for students studying public sector management as part of a business, management, social policy, politics or sociology degree.

Administrative Law in a Changing State

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Publisher : Bloomsbury Publishing
ISBN 13 : 1847314694
Total Pages : 428 pages
Book Rating : 4.8/5 (473 download)

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Book Synopsis Administrative Law in a Changing State by : Linda Pearson

Download or read book Administrative Law in a Changing State written by Linda Pearson and published by Bloomsbury Publishing. This book was released on 2008-11-24 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book of essays celebrates Mark Aronson's contribution to administrative law. As joint author of the leading Australian text on judicial review of administrative action, Aronson's work is well-known to public lawyers throughout the common law world and this is reflected in the list of contributors from the US, Canada, Australia, New Zealand and the UK. The introduction comes from Justice Michael Kirby of the High Court of Australia. The essays reflect Aronson's interests in judicial review, non-judicial grievance mechanisms, problems of proof and evidence, and the boundaries of public and private law. Amongst the contributors, Peter Cane, Elizabeth Fisher, and Linda Pearson write on administrative adjudication and decision-making, Anita Stuhmcke writes on Ombudsmen, and Robin Creyke and John McMillan, the Commonwealth Ombudsman, write on charters, codes and 'soft law'. There are evaluations of the profound influence of human rights law on judicial review from the UK by Sir Jack Beatson and Thomas Poole and from Canada by David Mullan. Matthew Groves and Chief Justice James Spigelman address developing themes in judicial review, while Carol Harlow, Richard Rawlings, Michael Taggart and Janet McLean follow Aronson's interests into the private side of public law. An American perspective is added by Alfred Aman and Jack Beermann.

Global Developments in Public Infrastructure Procurement

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Publisher : Edward Elgar Publishing
ISBN 13 : 178536619X
Total Pages : 308 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Global Developments in Public Infrastructure Procurement by : Darrin Grimsey

Download or read book Global Developments in Public Infrastructure Procurement written by Darrin Grimsey and published by Edward Elgar Publishing. This book was released on 2017-11-24 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is widespread acceptance of the importance of infrastructure, but less agreement about how it should be funded and procured. While most public infrastructure is still provided in-house or by traditional procurement methods – with well-researched strengths and weaknesses – the development of service concession arrangements has seen a greater emphasis on lifecycle costing, risk assessment and asset design as featured in a variety of public private partnership (PPP) delivery models. This book examines the various procurement approaches, and provides a framework for comparing their advantages and disadvantages. Drawing on international experience, it considers some of the best and worst examples of PPPs, and infrastructure projects generally, along with the lessons for improving infrastructure procurement processes.

Policy Controversies and Political Blame Games

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Publisher : Cambridge University Press
ISBN 13 : 1108494862
Total Pages : 263 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Policy Controversies and Political Blame Games by : Markus Hinterleitner

Download or read book Policy Controversies and Political Blame Games written by Markus Hinterleitner and published by Cambridge University Press. This book was released on 2020-11-12 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses and compares political blame games in Western democracies to show how democratic political systems manage policy controversies.

Making Sense of Construction Improvement

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Publisher : John Wiley & Sons
ISBN 13 : 1444341081
Total Pages : 478 pages
Book Rating : 4.4/5 (443 download)

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Book Synopsis Making Sense of Construction Improvement by : Stuart D. Green

Download or read book Making Sense of Construction Improvement written by Stuart D. Green and published by John Wiley & Sons. This book was released on 2011-04-08 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book sets out deliberately to challenge the current construction improvement debate and the way in which it is conducted. It confronts the supposedly neutral nature of construction 'best practice' and demonstrates that that the advocated recipes seldom stand up to critical scrutiny. It further argues that commonly accepted components of best practice such as lean construction, partnering and collaborative working rarely live up to the claims made on their behalf. Such recipes invariably suffer from definitional vagueness, and are constantly reinterpreted to suit the needs the different audiences. Making Sense of Construction Improvement argues that construction sector improvement techniques cannot be understood in terms of their substantive content, and are best understood in terms of the rhetoric within which they are presented. The author also contends that the persuasiveness of such recipes depends upon the extent to which practitioners can adopt them for the purposes of making sense of the changes they observe happening around them. To be accepted as 'best practice' construction improvement techniques must also resonate with broader agendas of socio-technological change. The author charts how the best practice debate has developed from the aftermath of the Second World War through to the election of David Cameron's coalition government in 2010. Attention is given to the way in which the improvement debate throughout the 1960s and 70s was shaped by the broader aspirations of the post-war social consensus and the associated desire for a centrally planned economy. Attention thereafter is given to the way the construction sector was radically re-shaped by the advent of the enterprise culture. The privatisation of the sector's client base, coupled with the withdrawal of the state as a provider of mass housing, caused a significant and long-lasting shift in the construction landscape. Private sector clients similarly experienced extensive downsizing while outsourcing their procurement capabilities. Such strategies were frequently justified by mobilising the rhetoric of business process re-engineering (BPR). Contracting firms simultaneously faced unpredictable workloads and increasing market competition. In response, the sector at large chose to base their competitive advantage on leanness and agility. Hence the emergence of the hollowed-out firm as the dominant form of organising. These structural trends combined to provide the backcloth to the industry improvement agenda throughout the 1980s and 1990s. Making Sense of Construction Improvement argues that the popularity of improvement recipes such as partnering, collaborative working and integrated teams can be understood as strategies for overcoming the loss of control associated with downsizing and outsourcing. In contrast to other textbooks, Making Sense of Construction Improvement does not offer advice on how to manage construction projects more effectively; the aim is rather to understand the forces which have shaped the construction sector improvement agenda over time.

The Way the Money Goes

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Publisher : Oxford University Press
ISBN 13 : 0198865082
Total Pages : 305 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Way the Money Goes by : Christopher Hood

Download or read book The Way the Money Goes written by Christopher Hood and published by Oxford University Press. This book was released on 2023-10-19 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Way the Money Goes traces out what happened to the UK's fiscal constitution - the framework for planning and controlling public spending - under three different governments (Conservative, Labour, Conservative/Liberal Democrat) from the early 1990s to the mid-2010s. The book tells the story of what happened under each government and combines narrative with vignettes that range from the funding of a new Treasury building to efforts to 'crowdsource' ideas for spending cuts. It also includes chapters devoted to different domains of spending control, namely capital spending, spending by subnational governments, running cost expenditure, fiscal forecasting, and the development of new accounting metrics. This book is based on over 120 in-depth interviews of civil servants and ministers who were involved in public spending over the period, as well as documents from the same timeframe. It explores how and why, despite much talk of change and reform in everything from parliamentary procedure to bureaucratic processes, many of the underlying features of the UK's fiscal constitution persisted, including arrangements for formula-funding of the different countries within the union designed as a temporary stopgap in the transition to devolution. To put UK developments into perspective, the book includes a discussion of how the UK system was rated in reports from international bodies over the period, which suggests that in such exercises the more 'political' parts of the fiscal constitution were rated differently from the more 'technocratic' parts. Given several volcanic-type political eruptions in the UK over recent years, the book concludes by exploring some different possible scenarios for the future of its fiscal constitution in the light of those and other possible eruptions to come.

London After Recession

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Author :
Publisher : Routledge
ISBN 13 : 1317103629
Total Pages : 360 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis London After Recession by : Iain MacRury

Download or read book London After Recession written by Iain MacRury and published by Routledge. This book was released on 2016-05-06 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The City has long been the main generator of London's wealth and, needless to say, the impact of the Economic Crisis in the recent years on the City has greatly affected the wider urban and surrounding region, not to say country as a whole. This book examines the impact of the recession and discusses London's future trajectory as an entrepreneurial city and capital of the United Kingdom. While recognising the enduring capacity of London to 'reinvent' itself - from being the centre of a vast Empire to becoming a global centre for financial and business services - contributors evaluate different dimensions of the city's current and future development through analyses derived from sociological, economic, cultural and urban studies perspectives.

Private finance projects and off-balance sheet debt

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780108459634
Total Pages : 330 pages
Book Rating : 4.4/5 (596 download)

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Book Synopsis Private finance projects and off-balance sheet debt by : Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs

Download or read book Private finance projects and off-balance sheet debt written by Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs and published by The Stationery Office. This book was released on 2010-03-17 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: A report that recommends a reform of the way, financial liabilities arising from private finance projects (PFPs) are treated in public accounts. It also deals with the growth in the secondary market for PFPs where investors sell on their stake in a project, in many cases once the construction period of that project has been completed.