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Kensington Housing Trust - Reinvestment Programme

Kensington Housing Trust - Reinvestment Programme. Project Outline. Multi-Project Programme of Maintenance and Improvements to existing buildings. Year 1 - Pilot Year procured through traditional contracts. Value approx £1.0M

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Kensington Housing Trust - Reinvestment Programme

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  1. Kensington Housing Trust - Reinvestment Programme

  2. Project Outline • Multi-Project Programme of Maintenance and Improvements to existing buildings. • Year 1 - Pilot Year procured through traditional contracts. • Value approx £1.0M • Purpose to find suitable partner contractors and develop procedures and contract • Years 2 to 8 - Partnered with 3 or 4 small/medium sized contractors. Based on measured term contracts. • Value approx £2.5M/year

  3. Main Innovations • Early involvement of contractor in each project. • Sophisticated database enabling better programming, better predictability and communication of information about the buildings. • Involvement of tenants in selection and review of contractors. • Price/Performance matrix to encourage continuous improvements.

  4. Further Innovations • Programme to contribute to KHT’s Regeneration policy including training and local employment targets. • Elimination of waste including: • no repeat tendering meaning savings in estimating and administration costs and time. • Sensible programming e.g. consecutive projects mean scaffold and other site facilities not taken back to base. • Partnering with suppliers meaning added value benefits to KHT in return for regular purchases.

  5. KPI - Predictability

  6. KPI - Predictability • HOW TO IMPROVE? • Time - Gather data (e.g. duration/project value). Review assumptions. Improve project management • Cost - Feedbackprices and costs into stock condition database • FORECAST • Gradual improvement in predictability most significantly in years 1 and 2 converging towards 0%

  7. KPI - Defects at Handover No. Defects ÷ Project Value (£’000) • HOW TO IMPROVE: • Regular monitoring and target setting • Price/Performance Matrix • FORECAST • Gradual improvement converging towards zero defects

  8. KPI - Productivity • HOW TO IMPROVE: • Improving works programming and methods • FORECAST:Gradual Improvements Cost of Works - Materials Total Site Person Hours

  9. KPI - Costs • Budget Cost of a ‘basket of rates’ (adjusted for tender price inflation) • HOW TO IMPROVE: • Shared benefits from improved productivity mainly derived from supply chain partnering and improving programming • FORECAST: • Significant improvement from Year 1 to Year 2. Gradual Improvements thereafter

  10. KPI - Construction Time Contract Value ÷ Contract Period • HOW TO IMPROVE: • Price/Performance Matrix • FORECAST: • Gradual improvement most significantly in years 1 and 2

  11. KPI - Profits • Partner contractors will increase profitability because: • savings in estimating • continuous work • This will be reflected in the annual fluctuation (tender price index minus contractor’s discount)

  12. KPI - Accidents • HOW TO IMPROVE: • Monitor and review procedures and practices • FORECAST: • Steady decline in accident rate No. reportable accidents x 100 000 Total site person hours

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