SlideShare a Scribd company logo
1 of 12
Download to read offline
Achieving better value, timeliness and accountability through
public-private partnerships

OCED
Senior PPP Officials Network

Presented by: Greg Smith
Vice-President, Finance, Risk, Administration and CFO
February 18, 2014
The Canadian Context
• Broad definition of P3s
across jurisdictions in
Canada
• Over 200 projects across
the country
• More than 100 currently
completed construction or in
the operations phase (many
of these represent projects
in the same sector and
same jurisdiction
(ie. Ontario hospitals) 2
The Canadian Context
• Another 100 yet be procured
or complete construction –
many jurisdictions not yet
thinking about the long-term
management
• Less reliance on banks –
weathered the economic
crisis

3
Why Is Canada Successful?
• VfM a driver of Canadian P3s
– transfer of risk
• Experienced public sector
institutions
• Competitive market
• Very successful Canadian
bond market
• Continuous learning &
adaptation
4
PPP Canada
A Centre of Excellence for P3s
•

Acts as a Source of Expertise
Developing and sharing knowledge to provide
P3 leadership

•

Advances Federal P3 Projects
Advises federal clients on the identification,
development, and execution of federal P3s

•

Supports Other Levels of Government
Advises on, and invests in P3 projects being
considered by provinces, municipalities, and
First Nations
5
A Source of Expertise: Objectives
• Establishing P3s as common practice
• Promoting skills development
• Sharing expertise relating to managing P3 infrastructure projects,
writing P3 contracts

Mechanisms

• Outreach activites
• Tool development
• Engagement initiatives
6
Canadian VfM Methodologies

Jurisdictions analyze the same project elements and essentially yield the
same conclusion, although there are differences in methodologies:

Different discount rates (risk-free vs. risk-adjusted)
Quantify risks differently (imperical evidence vs. workshops)
Different treatments of innovation and efficiencies (substantiated)

www.p3canada.ca

7
Canadian VfM Methodologies

Alberta

British
Columbia

Ontario

PPP Canada developed methodology:
Procurement Options Analysis
Guide
8
Managing the Operational Period
• Project Agreement forms the basis of the operations and/or maintenance
obligations
• Essential that the most important components of the Project Agreement be
prepared early so that they are clearly articulated and understood

 functional and performance-related requirements; and
 the associated payment mechanisms / deduction regime.

9
PPP Canada Operational Period Initiative
Reviewing and evaluating best practices, issues, risks and key success factors,
including but not limited to:

Governance
• Governance arrangements / oversight
• P3 Contract administration / staffing and management
resources
Performance
•
•
•
•

Deduction regime, payment adjustment, holdbacks, incentives
Escalation processes
Independent expert
Asset hand back upon expiry
10
PPP Canada Operational Period Initiative
Management and Administration
• Internal and external communication
• Reporting and record keeping
• Compliance with applicable federal / provincial and municipal laws
Amendments and Integration
• Modification and change orders
• Integration with existing infrastructure
• Other works / expansion post project agreement
Dispute Resolution
• Disagreements, default, remedies and termination
• Step-in and continuous operation provisions

11
CONTACT US
100 Queen Street, Suite 630
Ottawa, Ontario K1P 1J9
Canada
www.p3canada.ca
Telephone: (613) 947-9480
Fax: (613) 947-2289
Toll Free : (877) 947-9480
Email: info@p3canada.ca

More Related Content

What's hot

Helping practitioners (CPAs) to efficiently implement Intetional Auditing Sta...
Helping practitioners (CPAs) to efficiently implement Intetional Auditing Sta...Helping practitioners (CPAs) to efficiently implement Intetional Auditing Sta...
Helping practitioners (CPAs) to efficiently implement Intetional Auditing Sta...International Federation of Accountants
 
PDF Collaborative Working for Civil Society Organisations, Michael O[Toole, 3SC
PDF Collaborative Working for Civil Society Organisations, Michael O[Toole, 3SCPDF Collaborative Working for Civil Society Organisations, Michael O[Toole, 3SC
PDF Collaborative Working for Civil Society Organisations, Michael O[Toole, 3SCCFG
 
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...iTrain
 
BA and Beyond 18 - Robin Smets - Putting why back into the BA's perspectives
BA and Beyond 18 - Robin Smets - Putting why back into the BA's perspectivesBA and Beyond 18 - Robin Smets - Putting why back into the BA's perspectives
BA and Beyond 18 - Robin Smets - Putting why back into the BA's perspectivesBA and Beyond
 
Regulatory sandbox and financial innovation hub – case FCA, UK
Regulatory sandbox and financial innovation hub – case FCA, UKRegulatory sandbox and financial innovation hub – case FCA, UK
Regulatory sandbox and financial innovation hub – case FCA, UKFinanssivalvonta
 
FoHF Liquidity - Nov 2008
FoHF Liquidity - Nov 2008FoHF Liquidity - Nov 2008
FoHF Liquidity - Nov 2008Drago Indjic
 
EU funding partnerships
EU funding partnershipsEU funding partnerships
EU funding partnershipsSWF
 
Ifrs9 assessment and strategic implications
Ifrs9 assessment and strategic implicationsIfrs9 assessment and strategic implications
Ifrs9 assessment and strategic implicationsMohammad Ibrahim Fheili
 
CAFTA Learning Series Brochure - May Batch
CAFTA Learning Series Brochure - May BatchCAFTA Learning Series Brochure - May Batch
CAFTA Learning Series Brochure - May BatchSrajan Rastogi
 
Pfm reform webinar master slides
Pfm reform webinar master slidesPfm reform webinar master slides
Pfm reform webinar master slidesVanessaMcGinley1
 

What's hot (20)

The New Auditor's Report
The New Auditor's ReportThe New Auditor's Report
The New Auditor's Report
 
Helping practitioners (CPAs) to efficiently implement Intetional Auditing Sta...
Helping practitioners (CPAs) to efficiently implement Intetional Auditing Sta...Helping practitioners (CPAs) to efficiently implement Intetional Auditing Sta...
Helping practitioners (CPAs) to efficiently implement Intetional Auditing Sta...
 
Growing Your Practice
Growing Your PracticeGrowing Your Practice
Growing Your Practice
 
Implementing an integrated reporting process
Implementing an integrated reporting processImplementing an integrated reporting process
Implementing an integrated reporting process
 
PDF Collaborative Working for Civil Society Organisations, Michael O[Toole, 3SC
PDF Collaborative Working for Civil Society Organisations, Michael O[Toole, 3SCPDF Collaborative Working for Civil Society Organisations, Michael O[Toole, 3SC
PDF Collaborative Working for Civil Society Organisations, Michael O[Toole, 3SC
 
Implementing International Standards
Implementing International StandardsImplementing International Standards
Implementing International Standards
 
The SMP Committee: Supporting and Vocalizing the Needs of SMPs
The SMP Committee: Supporting and Vocalizing the Needs of SMPs The SMP Committee: Supporting and Vocalizing the Needs of SMPs
The SMP Committee: Supporting and Vocalizing the Needs of SMPs
 
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
 
BA and Beyond 18 - Robin Smets - Putting why back into the BA's perspectives
BA and Beyond 18 - Robin Smets - Putting why back into the BA's perspectivesBA and Beyond 18 - Robin Smets - Putting why back into the BA's perspectives
BA and Beyond 18 - Robin Smets - Putting why back into the BA's perspectives
 
Integrated Reporting: Leading Practices & International Developments
Integrated Reporting: Leading Practices & International DevelopmentsIntegrated Reporting: Leading Practices & International Developments
Integrated Reporting: Leading Practices & International Developments
 
Alan Watt - APM Assurance SIG Conference 2018
Alan Watt - APM Assurance SIG Conference 2018Alan Watt - APM Assurance SIG Conference 2018
Alan Watt - APM Assurance SIG Conference 2018
 
Future of Audit by Pieter de Kok
Future of Audit by Pieter de KokFuture of Audit by Pieter de Kok
Future of Audit by Pieter de Kok
 
Regulatory sandbox and financial innovation hub – case FCA, UK
Regulatory sandbox and financial innovation hub – case FCA, UKRegulatory sandbox and financial innovation hub – case FCA, UK
Regulatory sandbox and financial innovation hub – case FCA, UK
 
Challenges and Opportunities for Public Sector Accounting
Challenges and Opportunities for Public Sector Accounting Challenges and Opportunities for Public Sector Accounting
Challenges and Opportunities for Public Sector Accounting
 
FoHF Liquidity - Nov 2008
FoHF Liquidity - Nov 2008FoHF Liquidity - Nov 2008
FoHF Liquidity - Nov 2008
 
EU funding partnerships
EU funding partnershipsEU funding partnerships
EU funding partnerships
 
Working With Unified Trust, N.A.
Working With Unified Trust, N.A.Working With Unified Trust, N.A.
Working With Unified Trust, N.A.
 
Ifrs9 assessment and strategic implications
Ifrs9 assessment and strategic implicationsIfrs9 assessment and strategic implications
Ifrs9 assessment and strategic implications
 
CAFTA Learning Series Brochure - May Batch
CAFTA Learning Series Brochure - May BatchCAFTA Learning Series Brochure - May Batch
CAFTA Learning Series Brochure - May Batch
 
Pfm reform webinar master slides
Pfm reform webinar master slidesPfm reform webinar master slides
Pfm reform webinar master slides
 

Similar to OECD, 7th Meeting on Public-Private Partnerships - Greg SMITH

04/28/2010 Meeting - Contract Compliance
04/28/2010 Meeting - Contract Compliance04/28/2010 Meeting - Contract Compliance
04/28/2010 Meeting - Contract Complianceacfesj
 
Prepare for the asc 606 revenue standard
Prepare for the asc 606 revenue standardPrepare for the asc 606 revenue standard
Prepare for the asc 606 revenue standardPromapp Solutions
 
MRV System in Indonesia: 
Credibility, governance and benefit sharing
MRV System in Indonesia: 
Credibility, governance and benefit sharingMRV System in Indonesia: 
Credibility, governance and benefit sharing
MRV System in Indonesia: 
Credibility, governance and benefit sharingCIFOR-ICRAF
 
Federal Incentives That Can Show You the Money
Federal Incentives That Can Show You the MoneyFederal Incentives That Can Show You the Money
Federal Incentives That Can Show You the MoneyCBIZ, Inc.
 
Eversheds SHINE Webinars - Multi jurisdictional compliance 23rd October 2014
Eversheds SHINE Webinars - Multi jurisdictional compliance 23rd October 2014Eversheds SHINE Webinars - Multi jurisdictional compliance 23rd October 2014
Eversheds SHINE Webinars - Multi jurisdictional compliance 23rd October 2014Eversheds Sutherland
 
Regulatory Affairs Outsourcing Considerations and Models
Regulatory Affairs Outsourcing Considerations and ModelsRegulatory Affairs Outsourcing Considerations and Models
Regulatory Affairs Outsourcing Considerations and ModelsPaul Kuiken
 
Environmental Due Diligence Strategy for Petroleum Marketing Transactions
Environmental Due Diligence Strategy for Petroleum Marketing TransactionsEnvironmental Due Diligence Strategy for Petroleum Marketing Transactions
Environmental Due Diligence Strategy for Petroleum Marketing TransactionsAntea Group
 
Grow VC Group: Digital Hybrid Finance
Grow VC Group: Digital Hybrid FinanceGrow VC Group: Digital Hybrid Finance
Grow VC Group: Digital Hybrid FinanceJouko Ahvenainen
 
Amplio Group Introductory Presentation 2019
Amplio Group Introductory Presentation 2019Amplio Group Introductory Presentation 2019
Amplio Group Introductory Presentation 2019Michael Van Luven
 
How to Centre your PCI Programme Around your Business Objective - SureCloud
How to Centre your PCI Programme Around your Business Objective - SureCloud How to Centre your PCI Programme Around your Business Objective - SureCloud
How to Centre your PCI Programme Around your Business Objective - SureCloud SureCloud
 
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014Innovation Funding for Growth-Oriented Companies - Oct 24, 2014
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014Boast Capital
 
Carlos Sousa\'s Professional Profile
Carlos Sousa\'s Professional ProfileCarlos Sousa\'s Professional Profile
Carlos Sousa\'s Professional Profilecarlos-sousa
 
1. CV_Deepak Shapur_Deloitte Tax
1. CV_Deepak Shapur_Deloitte Tax1. CV_Deepak Shapur_Deloitte Tax
1. CV_Deepak Shapur_Deloitte TaxDeepak Shapur
 
What's new with R&D tax credits?
What's new with R&D tax credits?What's new with R&D tax credits?
What's new with R&D tax credits?Jason Gendreau
 

Similar to OECD, 7th Meeting on Public-Private Partnerships - Greg SMITH (20)

04/28/2010 Meeting - Contract Compliance
04/28/2010 Meeting - Contract Compliance04/28/2010 Meeting - Contract Compliance
04/28/2010 Meeting - Contract Compliance
 
Prepare for the asc 606 revenue standard
Prepare for the asc 606 revenue standardPrepare for the asc 606 revenue standard
Prepare for the asc 606 revenue standard
 
MRV System in Indonesia: 
Credibility, governance and benefit sharing
MRV System in Indonesia: 
Credibility, governance and benefit sharingMRV System in Indonesia: 
Credibility, governance and benefit sharing
MRV System in Indonesia: 
Credibility, governance and benefit sharing
 
Federal Incentives That Can Show You the Money
Federal Incentives That Can Show You the MoneyFederal Incentives That Can Show You the Money
Federal Incentives That Can Show You the Money
 
Kantara Workshop at CIS
Kantara Workshop at CISKantara Workshop at CIS
Kantara Workshop at CIS
 
Eversheds SHINE Webinars - Multi jurisdictional compliance 23rd October 2014
Eversheds SHINE Webinars - Multi jurisdictional compliance 23rd October 2014Eversheds SHINE Webinars - Multi jurisdictional compliance 23rd October 2014
Eversheds SHINE Webinars - Multi jurisdictional compliance 23rd October 2014
 
Fwd50 djm updated oct 31
Fwd50 djm updated oct 31Fwd50 djm updated oct 31
Fwd50 djm updated oct 31
 
Regulatory Affairs Outsourcing Considerations and Models
Regulatory Affairs Outsourcing Considerations and ModelsRegulatory Affairs Outsourcing Considerations and Models
Regulatory Affairs Outsourcing Considerations and Models
 
Environmental Due Diligence Strategy for Petroleum Marketing Transactions
Environmental Due Diligence Strategy for Petroleum Marketing TransactionsEnvironmental Due Diligence Strategy for Petroleum Marketing Transactions
Environmental Due Diligence Strategy for Petroleum Marketing Transactions
 
CV-Kyramar-August 2016
CV-Kyramar-August 2016CV-Kyramar-August 2016
CV-Kyramar-August 2016
 
CV-Kyramar-August 2016
CV-Kyramar-August 2016CV-Kyramar-August 2016
CV-Kyramar-August 2016
 
Cv kyramar-august 2016
Cv kyramar-august 2016Cv kyramar-august 2016
Cv kyramar-august 2016
 
Grow VC Group: Digital Hybrid Finance
Grow VC Group: Digital Hybrid FinanceGrow VC Group: Digital Hybrid Finance
Grow VC Group: Digital Hybrid Finance
 
Amplio Group Introductory Presentation 2019
Amplio Group Introductory Presentation 2019Amplio Group Introductory Presentation 2019
Amplio Group Introductory Presentation 2019
 
How to Centre your PCI Programme Around your Business Objective - SureCloud
How to Centre your PCI Programme Around your Business Objective - SureCloud How to Centre your PCI Programme Around your Business Objective - SureCloud
How to Centre your PCI Programme Around your Business Objective - SureCloud
 
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014Innovation Funding for Growth-Oriented Companies - Oct 24, 2014
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014
 
Carlos Sousa\'s Professional Profile
Carlos Sousa\'s Professional ProfileCarlos Sousa\'s Professional Profile
Carlos Sousa\'s Professional Profile
 
D Fielding OSP Aviva
D Fielding OSP AvivaD Fielding OSP Aviva
D Fielding OSP Aviva
 
1. CV_Deepak Shapur_Deloitte Tax
1. CV_Deepak Shapur_Deloitte Tax1. CV_Deepak Shapur_Deloitte Tax
1. CV_Deepak Shapur_Deloitte Tax
 
What's new with R&D tax credits?
What's new with R&D tax credits?What's new with R&D tax credits?
What's new with R&D tax credits?
 

More from OECD Governance

Public Integrity Indicators Slides
Public Integrity Indicators SlidesPublic Integrity Indicators Slides
Public Integrity Indicators SlidesOECD Governance
 
Summary of the OECD expert meeting: Construction Risk Management in Infrastru...
Summary of the OECD expert meeting: Construction Risk Management in Infrastru...Summary of the OECD expert meeting: Construction Risk Management in Infrastru...
Summary of the OECD expert meeting: Construction Risk Management in Infrastru...OECD Governance
 
Using AI led assurance to deliver projects on time and on budget - D. Amratia...
Using AI led assurance to deliver projects on time and on budget - D. Amratia...Using AI led assurance to deliver projects on time and on budget - D. Amratia...
Using AI led assurance to deliver projects on time and on budget - D. Amratia...OECD Governance
 
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE)
 ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE) ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE)
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE)OECD Governance
 
Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...
Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...
Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...OECD Governance
 
Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...
Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...
Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...OECD Governance
 
Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...
Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...
Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...OECD Governance
 
ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...
ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...
ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...OECD Governance
 
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, StockholmECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, StockholmOECD Governance
 
EPEC's perception of market developments - E. Farquharson, Principal Adviser,...
EPEC's perception of market developments - E. Farquharson, Principal Adviser,...EPEC's perception of market developments - E. Farquharson, Principal Adviser,...
EPEC's perception of market developments - E. Farquharson, Principal Adviser,...OECD Governance
 
Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...
Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...
Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...OECD Governance
 
New Jersey Wind Port - J. Kennedy, New Jersey Economic Development Authority ...
New Jersey Wind Port - J. Kennedy, New Jersey Economic Development Authority ...New Jersey Wind Port - J. Kennedy, New Jersey Economic Development Authority ...
New Jersey Wind Port - J. Kennedy, New Jersey Economic Development Authority ...OECD Governance
 
Executive Agency of the Dutch Ministry of Infrastructure and Water Management...
Executive Agency of the Dutch Ministry of Infrastructure and Water Management...Executive Agency of the Dutch Ministry of Infrastructure and Water Management...
Executive Agency of the Dutch Ministry of Infrastructure and Water Management...OECD Governance
 
Presentation of OECD Government at a Glance 2023
Presentation of OECD Government at a Glance 2023Presentation of OECD Government at a Glance 2023
Presentation of OECD Government at a Glance 2023OECD Governance
 
The Protection and Promotion of Civic Space: Strengthening Alignment with Int...
The Protection and Promotion of Civic Space: Strengthening Alignment with Int...The Protection and Promotion of Civic Space: Strengthening Alignment with Int...
The Protection and Promotion of Civic Space: Strengthening Alignment with Int...OECD Governance
 
Digital Government Review Türkiye - Assessment and Recommendations
Digital Government Review Türkiye - Assessment and RecommendationsDigital Government Review Türkiye - Assessment and Recommendations
Digital Government Review Türkiye - Assessment and RecommendationsOECD Governance
 
Buliding-Financial-Resilience-to climate-Impacts.pdf
Buliding-Financial-Resilience-to climate-Impacts.pdfBuliding-Financial-Resilience-to climate-Impacts.pdf
Buliding-Financial-Resilience-to climate-Impacts.pdfOECD Governance
 
Session-7-OECD-Strengthening-climate.pptx
Session-7-OECD-Strengthening-climate.pptxSession-7-OECD-Strengthening-climate.pptx
Session-7-OECD-Strengthening-climate.pptxOECD Governance
 
Session-6-Building-Financial-Resilience.pptx
Session-6-Building-Financial-Resilience.pptxSession-6-Building-Financial-Resilience.pptx
Session-6-Building-Financial-Resilience.pptxOECD Governance
 
Session-5-Assurance-on-sustainability-Peter-Welch.pptx
Session-5-Assurance-on-sustainability-Peter-Welch.pptxSession-5-Assurance-on-sustainability-Peter-Welch.pptx
Session-5-Assurance-on-sustainability-Peter-Welch.pptxOECD Governance
 

More from OECD Governance (20)

Public Integrity Indicators Slides
Public Integrity Indicators SlidesPublic Integrity Indicators Slides
Public Integrity Indicators Slides
 
Summary of the OECD expert meeting: Construction Risk Management in Infrastru...
Summary of the OECD expert meeting: Construction Risk Management in Infrastru...Summary of the OECD expert meeting: Construction Risk Management in Infrastru...
Summary of the OECD expert meeting: Construction Risk Management in Infrastru...
 
Using AI led assurance to deliver projects on time and on budget - D. Amratia...
Using AI led assurance to deliver projects on time and on budget - D. Amratia...Using AI led assurance to deliver projects on time and on budget - D. Amratia...
Using AI led assurance to deliver projects on time and on budget - D. Amratia...
 
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE)
 ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE) ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE)
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE)
 
Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...
Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...
Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...
 
Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...
Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...
Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...
 
Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...
Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...
Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...
 
ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...
ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...
ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...
 
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, StockholmECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm
 
EPEC's perception of market developments - E. Farquharson, Principal Adviser,...
EPEC's perception of market developments - E. Farquharson, Principal Adviser,...EPEC's perception of market developments - E. Farquharson, Principal Adviser,...
EPEC's perception of market developments - E. Farquharson, Principal Adviser,...
 
Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...
Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...
Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...
 
New Jersey Wind Port - J. Kennedy, New Jersey Economic Development Authority ...
New Jersey Wind Port - J. Kennedy, New Jersey Economic Development Authority ...New Jersey Wind Port - J. Kennedy, New Jersey Economic Development Authority ...
New Jersey Wind Port - J. Kennedy, New Jersey Economic Development Authority ...
 
Executive Agency of the Dutch Ministry of Infrastructure and Water Management...
Executive Agency of the Dutch Ministry of Infrastructure and Water Management...Executive Agency of the Dutch Ministry of Infrastructure and Water Management...
Executive Agency of the Dutch Ministry of Infrastructure and Water Management...
 
Presentation of OECD Government at a Glance 2023
Presentation of OECD Government at a Glance 2023Presentation of OECD Government at a Glance 2023
Presentation of OECD Government at a Glance 2023
 
The Protection and Promotion of Civic Space: Strengthening Alignment with Int...
The Protection and Promotion of Civic Space: Strengthening Alignment with Int...The Protection and Promotion of Civic Space: Strengthening Alignment with Int...
The Protection and Promotion of Civic Space: Strengthening Alignment with Int...
 
Digital Government Review Türkiye - Assessment and Recommendations
Digital Government Review Türkiye - Assessment and RecommendationsDigital Government Review Türkiye - Assessment and Recommendations
Digital Government Review Türkiye - Assessment and Recommendations
 
Buliding-Financial-Resilience-to climate-Impacts.pdf
Buliding-Financial-Resilience-to climate-Impacts.pdfBuliding-Financial-Resilience-to climate-Impacts.pdf
Buliding-Financial-Resilience-to climate-Impacts.pdf
 
Session-7-OECD-Strengthening-climate.pptx
Session-7-OECD-Strengthening-climate.pptxSession-7-OECD-Strengthening-climate.pptx
Session-7-OECD-Strengthening-climate.pptx
 
Session-6-Building-Financial-Resilience.pptx
Session-6-Building-Financial-Resilience.pptxSession-6-Building-Financial-Resilience.pptx
Session-6-Building-Financial-Resilience.pptx
 
Session-5-Assurance-on-sustainability-Peter-Welch.pptx
Session-5-Assurance-on-sustainability-Peter-Welch.pptxSession-5-Assurance-on-sustainability-Peter-Welch.pptx
Session-5-Assurance-on-sustainability-Peter-Welch.pptx
 

Recently uploaded

Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...University of Canberra
 
Another Day, Another Default Judgment Against Gabe Whitley
Another Day, Another Default Judgment Against Gabe WhitleyAnother Day, Another Default Judgment Against Gabe Whitley
Another Day, Another Default Judgment Against Gabe WhitleyAbdul-Hakim Shabazz
 
One India vs United India by Dream Tamilnadu
One India vs United India by Dream TamilnaduOne India vs United India by Dream Tamilnadu
One India vs United India by Dream TamilnaduDreamTamilnadu
 
19032024_First India Newspaper Jaipur.pdf
19032024_First India Newspaper Jaipur.pdf19032024_First India Newspaper Jaipur.pdf
19032024_First India Newspaper Jaipur.pdfFIRST INDIA
 
Por estos dos motivos, defensa de JOH solicita repetir juicio
Por estos dos motivos, defensa de JOH solicita repetir juicioPor estos dos motivos, defensa de JOH solicita repetir juicio
Por estos dos motivos, defensa de JOH solicita repetir juicioAlexisTorres963861
 
Ministry of Justice Extradition Eswatini 3.pdf
Ministry of Justice Extradition Eswatini 3.pdfMinistry of Justice Extradition Eswatini 3.pdf
Ministry of Justice Extradition Eswatini 3.pdfSABC News
 
Anantkumar Hegde
Anantkumar Hegde  Anantkumar Hegde
Anantkumar Hegde NewsFeed1
 
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...virgfern3011
 
Européennes 2024 : projection du Parlement européen à trois mois du scrutin
Européennes 2024 : projection du Parlement européen à trois mois du scrutinEuropéennes 2024 : projection du Parlement européen à trois mois du scrutin
Européennes 2024 : projection du Parlement européen à trois mois du scrutinIpsos France
 

Recently uploaded (9)

Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
Light Rail in Canberra: Too much, too little, too late: Is the price worth th...
 
Another Day, Another Default Judgment Against Gabe Whitley
Another Day, Another Default Judgment Against Gabe WhitleyAnother Day, Another Default Judgment Against Gabe Whitley
Another Day, Another Default Judgment Against Gabe Whitley
 
One India vs United India by Dream Tamilnadu
One India vs United India by Dream TamilnaduOne India vs United India by Dream Tamilnadu
One India vs United India by Dream Tamilnadu
 
19032024_First India Newspaper Jaipur.pdf
19032024_First India Newspaper Jaipur.pdf19032024_First India Newspaper Jaipur.pdf
19032024_First India Newspaper Jaipur.pdf
 
Por estos dos motivos, defensa de JOH solicita repetir juicio
Por estos dos motivos, defensa de JOH solicita repetir juicioPor estos dos motivos, defensa de JOH solicita repetir juicio
Por estos dos motivos, defensa de JOH solicita repetir juicio
 
Ministry of Justice Extradition Eswatini 3.pdf
Ministry of Justice Extradition Eswatini 3.pdfMinistry of Justice Extradition Eswatini 3.pdf
Ministry of Justice Extradition Eswatini 3.pdf
 
Anantkumar Hegde
Anantkumar Hegde  Anantkumar Hegde
Anantkumar Hegde
 
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
Green Aesthetic Ripped Paper Thesis Defense Presentation_20240311_111012_0000...
 
Européennes 2024 : projection du Parlement européen à trois mois du scrutin
Européennes 2024 : projection du Parlement européen à trois mois du scrutinEuropéennes 2024 : projection du Parlement européen à trois mois du scrutin
Européennes 2024 : projection du Parlement européen à trois mois du scrutin
 

OECD, 7th Meeting on Public-Private Partnerships - Greg SMITH

  • 1. Achieving better value, timeliness and accountability through public-private partnerships OCED Senior PPP Officials Network Presented by: Greg Smith Vice-President, Finance, Risk, Administration and CFO February 18, 2014
  • 2. The Canadian Context • Broad definition of P3s across jurisdictions in Canada • Over 200 projects across the country • More than 100 currently completed construction or in the operations phase (many of these represent projects in the same sector and same jurisdiction (ie. Ontario hospitals) 2
  • 3. The Canadian Context • Another 100 yet be procured or complete construction – many jurisdictions not yet thinking about the long-term management • Less reliance on banks – weathered the economic crisis 3
  • 4. Why Is Canada Successful? • VfM a driver of Canadian P3s – transfer of risk • Experienced public sector institutions • Competitive market • Very successful Canadian bond market • Continuous learning & adaptation 4
  • 5. PPP Canada A Centre of Excellence for P3s • Acts as a Source of Expertise Developing and sharing knowledge to provide P3 leadership • Advances Federal P3 Projects Advises federal clients on the identification, development, and execution of federal P3s • Supports Other Levels of Government Advises on, and invests in P3 projects being considered by provinces, municipalities, and First Nations 5
  • 6. A Source of Expertise: Objectives • Establishing P3s as common practice • Promoting skills development • Sharing expertise relating to managing P3 infrastructure projects, writing P3 contracts Mechanisms • Outreach activites • Tool development • Engagement initiatives 6
  • 7. Canadian VfM Methodologies Jurisdictions analyze the same project elements and essentially yield the same conclusion, although there are differences in methodologies: Different discount rates (risk-free vs. risk-adjusted) Quantify risks differently (imperical evidence vs. workshops) Different treatments of innovation and efficiencies (substantiated) www.p3canada.ca 7
  • 8. Canadian VfM Methodologies Alberta British Columbia Ontario PPP Canada developed methodology: Procurement Options Analysis Guide 8
  • 9. Managing the Operational Period • Project Agreement forms the basis of the operations and/or maintenance obligations • Essential that the most important components of the Project Agreement be prepared early so that they are clearly articulated and understood  functional and performance-related requirements; and  the associated payment mechanisms / deduction regime. 9
  • 10. PPP Canada Operational Period Initiative Reviewing and evaluating best practices, issues, risks and key success factors, including but not limited to: Governance • Governance arrangements / oversight • P3 Contract administration / staffing and management resources Performance • • • • Deduction regime, payment adjustment, holdbacks, incentives Escalation processes Independent expert Asset hand back upon expiry 10
  • 11. PPP Canada Operational Period Initiative Management and Administration • Internal and external communication • Reporting and record keeping • Compliance with applicable federal / provincial and municipal laws Amendments and Integration • Modification and change orders • Integration with existing infrastructure • Other works / expansion post project agreement Dispute Resolution • Disagreements, default, remedies and termination • Step-in and continuous operation provisions 11
  • 12. CONTACT US 100 Queen Street, Suite 630 Ottawa, Ontario K1P 1J9 Canada www.p3canada.ca Telephone: (613) 947-9480 Fax: (613) 947-2289 Toll Free : (877) 947-9480 Email: info@p3canada.ca