The Government has moved quickly to engage with private sector suppliers to the public sector, following the announcement of major budget cuts in the CSR, with a view to reducing costs. This strategy has been led by the Efficiency and Reform Group within the Cabinet Office, and has focused initially on the larger service contracts (outsourcing etc). The Efficiency and Reform Group is now turning its attention to PFI/PPP contracts and will apply the lessons it has learned from its experience of negotiating on service contracts to this area. At the same time, Infrastructure UK is planning to publish official guidance on how to renegotiate PFI/PPP contracts shortly.
This highly topical conference, ‘Renegotiating of PPP/PFI Projects To Achieve Better Value for Money’, will provide delegates from the public sector with a detailed guide as to how to renegotiate PFI/PPP projects and, in particular, how to apply the Infrastructure UK Guidance and how the Efficiency and Reform Group in the Cabinet Office may be able to assist them. The expert speaker faculty will run through all the issues that negotiators on both the public and private sector sides will face during the renegotiation process.
We are delighted that Adrian Kamellard, Contract Renegotiation Team Leader, Efficiency and Reform Group at the Cabinet Office*, David MacGray, Senior PPP Financing Adviser at Infrastructure UK and David Finlay, Director, National Audit Office Corporate Finance and Infrastructure Team have agreed to speak at the conference.
Chairman
Edward Yescombe, Consultant, YCL Consulting
Keynote speaker
Adrian Kamellard, Contract Renegotiation Team Leader, Efficiency and Reform Group, Cabinet Office
Confirmed Speakers
Stephen Colliston, Partner, Tods Murray LLP
David Finlay, Director, National Audit Office Corporate Finance and Infrastructure Team
Patrick Gallen, Associate Partner, PricewaterhouseCoopers LLP
Shona Henderson, Corporate Finance, Director, PricewaterhouseCoopers LLP
Adrian Jones, Managing Director, MBIA UK Insurance Limited
David MacGray, Senior PPP Financing Adviser, Infrastructure UK
Kevin Maddick, Head of Infrastructure Finance, Structured Finance CIB, The Royal Bank of Scotland
Glenn McCauley, Director, Infrastructure Advisory Team, Deloitte LLP
Amar Qureshi, Director, Local Partnerships
Natasha Rogers, Aon Limited
Roseanne Serrelli, Partner and Head of Projects, Sharpe Pritchard
08:30 Coffee and registration
09:15 Chairman’s opening remarks
Edward Yescombe, Consultant, YCL Consulting
09:20 Emerging lessons from the Efficiency and Reform Group’s contract renegotiations to date
Adrian Kamellard, Contract Renegotiation Team Leader, Efficiency and Reform Group, Cabinet Office
09:50 Infrastructure UK’s guidance on contract renegotiations
David MacGray, Senior PPP Financing Adviser, Infrastructure UK
10:20 Local Partnership’s experience of achieving cost reductions
Amar Qureshi, Director, Local Partnerships
10:50 The NAO perspective on achieving value for money from existing contracts
- Understanding the separate roles of programme level and project level negotiations
- Seeking efficiencies through partnership working
- Risks to contract management in the current financial climate
- Recent points raised by the Public Accounts Committee
David Finlay, Director, National Audit Office Corporate Finance and Infrastructure Team
11:20 Morning coffee
11:45 Panel discussion on understanding which aspects of a PPP/PFI transaction can or should be renegotiated in order to improve affordability and the implications of each one, including service levels maintenance, term and payment structure
Shona Henderson, Corporate Finance, Director, PricewaterhouseCoopers LLP
Roseanne Serrelli, Partner and Head of Projects, Sharpe Pritchard
Plus further panellists to be confirmed
12:30 Conducting an effective review of individual projects to identify which specific areas to renegotiate
Glenn McCauley, Director, Infrastructure Advisory Team, Deloitte LLP
13:00 Lunch
14:15 Assembling a negotiating team that has all the required skills
Patrick Gallen, Associate Partner, PricewaterhouseCoopers LLP
14:45 Understanding the perspective of financial investors on contract discussions
Adrian Jones, Managing Director, MBIA UK Insurance Limited
15:15 Potential for refinancing debt in current market conditions
Kevin Maddick, Head of Infrastructure Finance, Structured Finance CIB, The Royal Bank of Scotland
15:45 Scope for renegotiating specific terms under SoPC4
Stephen Colliston, Partner, Tods Murray LLP
16:15 Making insurance best value for money
Natasha Rogers, Aon Limited
16:45 Chairman’s concluding remarks and afternoon tea