1 / 18

Capital Bids: What to include in an in principle application

Capital Bids: What to include in an in principle application. David Johnson, LSC Regional Property Adviser. EDUCATION. PROPERTY. FINANCE. What does the LSC require in a bid?. - LLSC: - Education & Finance & Regional Capital Strategy - NLSC: - Property & Finance. What are the first steps?.

sunila
Download Presentation

Capital Bids: What to include in an in principle application

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Capital Bids:What to include in an in principle application David Johnson, LSC Regional Property Adviser

  2. EDUCATION PROPERTY FINANCE What does the LSC require in a bid? - LLSC: - Education & Finance & Regional Capital Strategy - NLSC: - Property & Finance

  3. What are the first steps? • agree Education case with Local and Regional LSC. • agree physical estate requirements needed to deliver the agreed curriculum with Regional Property Adviser – Property Strategy • engage with LSC Regional Finance Team – Funding Strategy

  4. Agreement of Property Strategy • Demonstrate that all sensible options have been considered. • Demonstrate that the preferred option delivers the best solution • Demonstrate that the preferred option is deliverable – Feasibility Study • Be backed up by appropriate evidence

  5. Education Case Criteria • Bid needs to demonstrate what the educational benefits of the scheme are: • facilitating growth if appropriate • enhanced curriculum • enabling the college to address ambitions • should include college development plan

  6. Finance Case Criteria • Financial analysis needs to demonstrate that the bid delivers the best NPV. • Finance case normally needs to identify running cost savings – both buildings and staffing costs • The financial analysis for the alternative and base case options needs to be robust • Financial Plan needs to demonstrate that the project is affordable and justify the level of grant support requested.

  7. Risk Sustainability Procurement& TransactionStructure Estate Audit, Space & Options Review InvestmentAppraisals Programme Design /RIBAStage C Quality & value Cost Plan I3’s Town Planning Project Management Affordability Property Criteria CapitalBid‘Form A’

  8. Property Criteria underpinned by: • consistency with LSC Regional Capital Strategy, and LSC local plan, College Development Plan, StAR & Property Strategy • financial structure • affordability assessments • consistency with Education Case

  9. Space Utilisation Analysis • Based on agreed GLH • Identify core allowance and atria • Backed up by curriculum needs analysis • Identify buildings/areas that are to be demolished. • Comply with LSC space guidelines • Education: 50% • Other: 30% • Balance: 20% • Atria: 10%

  10. I 3 Elemental Analysis • Needs to be based on current costs • Need separate analysis for each phase or different building • Need to complete the sustainability column • Need to provide an explanation for variances of +/- 5% median cost • Detailed breakdown for external works

  11. Phasing and Procurement Strategy • Need to demonstrate that the phasing strategy is appropriate for the project • Decant strategy where developing on existing college site, inc. cost and impact on provision. • Procurement strategy needs to be considered in respect of different elements of the project – eg refurbishment will normally differ from new build

  12. Programme • Gant chart needs to be legible and cover all phases of the project • The whole of the development process needs to be covered • Key milestone dates need to be identified • Timescales need to be realistic – September openings are not a requirement

  13. Project Management • Need to identify all consultants and the basis of their appointment • College’s internal arrangements for management of the project – key personnel and governance • All AiP’s should now include gateway review

  14. Stage C Design Report • needs to explain how the scheme has evolved relate to feasibility and options considered • needs to clarify space requirements • outline scale floor plans and elevation details • site survey – identify likely remediation and substructure requirements • draft sustainability strategy - BREEAM • service infrastructure requirements • M & E, fire strategy etc - SUMMARY • Planning and Highways consultation

  15. Planning • Need to have undertaken a full Planning and Highways consultation • Controversial schemes may need outline approval • Letter of comfort from LPA required as a minimum • Identify likely S. 106 and S. 278 implications

  16. Asset Disposals • College’s expected to dispose of surplus assets • Disposal strategy to be agreed prior with RPA and Regional Finance Team and needs to be included in AiP bid • Estimated receipts need to backed up by valuation and planning advice if appropriate

  17. Risk Assessment • All project risks and their potential impact on the project need to be identified • Mitigation strategy to minimise each risk

  18. THE END

More Related