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EFCOG Alternative Finance Survey Results. Presented to Infrastructure Management Working Group 2006 Fall Meeting Lanny Bates Asset Acquisition and Disposition Subgroup October 18, 2006. Purpose. Inquiry to EFCOG member companies. What is alternate financing?.
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EFCOG Alternative Finance Survey Results Presented toInfrastructure Management Working Group2006 Fall Meeting Lanny BatesAsset Acquisition and Disposition Subgroup October 18, 2006
Purpose Inquiry to EFCOGmember companies What is alternate financing? • To gather information on alternate finance projects being considered or under development across the DOE Complex • Projects that involve the site M&O contractor obtaining the use of office space or other facilities through • Various third-party financing • Public-private partnerships • Lease arrangements
Survey questions • Site/project • Brief description • Facility size • Estimated project cost • Acquisition approach • Schedule • Status • Major challenges • Lessons learned • “How can EFCOG help?”
Common themes • Lack of guidance or policy • Wide diversity of approaches are attempted • No consistency or commonality • Eliminates any opportunity for process streamlining • More interactive reviews would save time • Time is money • Review and approval of alternative finance deals is equal to or greater than design and construction
How can EFCOG help? • Promote and assist in • Recognizing the time and cost advantagesof alternative finance to the government • Providing guidelines for developmentof projects • Simplifying the review process