Hand-back Requirements Planning
When a Life Cycle Fund is initially fixed at the beginning of a project, it is based on a plan of works over the entire contract period. Handback forms part of the project plan and thus costs associated with acheiving Handback Requirements are built into the Fund. The question is, as the project progresses and changes take place as they inevitably will, can the Requirements still be met, and at what cost?
Maximise Return on Return
Providing Value for Money to the client (including the client’s customers), while maximising Return on Investment, is an appropriate objective of any business going into a Private Finance Initiative or Public Private Partnership contract. Meeting Handback Requirements is a matter of motivation via the contract.
apm combines Asset Condition or Asset Performance Handback targets and their associated penalties with other ongoing Performance requirements to support its clients in deciding upon the correct level of Capital Works and Maintenance, especially during the final years of the contract. We use our Asset and Performance models to optimise the final works to ensure contractual obligations are met while ensuring Return on Investment is maximised.