Home
overview
.

Are you taking the right decisions for your PFI project?

.

Public-Private Partnership (PPP) financing presents exciting opportunities for project financiers.  However, given the complexity of these deals and their associated risks it is essential for all parties to be able to construct efficient and accurate financial models.

.
This symposium will bring to light the key areas that enable the understanding, use and development of financial models for PFI projects.

.

Suitable for all those currently involved in PPP/PFI and wishing to brush up on their modelling skills it will provide excellent networking opportunities for all involved. It is also an ideal starting point either for those considering PPP/PFI or for those new to the sector.

.

“Most impressed and exceeded my expectations – very well done!”
Andrew Mowie, PFI Contract Manager, Sussex Police  –  delegate in 2006

  

Take the right decisions,

avoid the pitfalls,

and understand the models








Benefits of Attending

.

  • Understand the construction and review of financial models

  • Learn PFI Modelling best practices and avoid common pitfalls

  • Find out how to make the most of models throughout the project life-cycle

  • Identify risk and discuss how to model it effectively

  • Study specific case studies and gain an insight into key variables and challenges to overcome

  • .

    Key topics covered: Understanding the Basics, Latest Developments, Securing Value for Money, Refinancing, Dealing with Risk, Risk Quantification, Post-Financial Close Models, PPP/PFI Inflation Hedging Structures, Legal Aspects, Bidding, Financial Close

    *


    A unique opportunity to learn from leading industry experts including

    • Kevin Hanlon, Director, Projects, 4ps
    • Tim Judson, Director of Procurement, North London Waste Authority
    • Martin Cheeseman, Director of Housing, London Borough of Brent
    • Tony Hazell, Managing Director, CorLa
    • Jerome Brice, Director, PFI/PPP, Mazars
    • William Coley, Vice President, Senior Analyst, Moody's Investors Service
    • Matt Lock, Manager, Business Modelling Group, Deloitte
    • Neil Rutherford, Assistant Director, PricewaterhouseCoopers
    • Andrew Hucknall, Director, BDO Story Hayward
    • Andy Garlick, Director, The Risk Agenda
    • David Whittaker, Director, Modelling Solutions
    • Glenn Richer, Partner, Rising Curve
    • John Richter, Director, Financial Mechanics

    .


     The Venue

    The Hatton

    The Hatton is an attractive art deco building stylishly converted to provide conformable facilities.

    It is situated in Hatton Garden, only 5 minutes walk from Chancery Lane tube station and Farringdon mainline and tube station.

    It also has a courtyard and restaurants making it an excellent venue for networking and a relaxed environment for learning.


    Sponsorship Opportunities

    To sponsor please contact:

    Marie Walker - mwalker@smi-online.co.uk 

    Become a Media Partner:

    Nikki Poole- npoole@smi-online.co.uk


    Conference programme

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    Jerome Brice

    Jerome Brice, Director, Mazars

    9:10 PPP Financial Modelling

    Mark Halliday

    Mark Halliday, Corporate Finance Advisor, National Audit Office

  • The reasons for financial models
  • Avoiding common pitfalls
  • The role of audit scrutiny
  • Making good use of the output from models
  • 9:50 Developing Robust Financial Models

    Kevin Hanlon

    Kevin Hanlon, Director, Projects, 4Ps

  • Cash flow forecasting
  • Determining operational costs
  • Choosing sensitivities
  • 10:30 Morning Coffee

    11:00 How to Build a Model: Best Practice and Pitfalls

    Karen Stewart

    Karen Stewart, Manager, Price Waterhouse Coopers

  • Importance of understanding model structure and methodology
  • Consequence of errors
  • Typical modelling errors
  • Use and limitations of frameworks and generic models
  • Finalising models: testing and correcting models
  • 11:40 Panel Discussion: Enhancing Model Design

    Andy  Garlick

    Andy Garlick, Director, The Risk Agenda

    David  Whittaker

    David Whittaker, Director, Modelling Solutions

    Tim Judson

    Tim Judson, Director of Procurement, North London Waste Authority

    12:20 Networking Lunch

    13:50 Why do Projects Go Wrong? Lessons Learnt

    Tony Hazell

    Tony Hazell, Managing Director, CorLa

    14:30 Model Optimisation for PFI

    Jerome Brice

    Jerome Brice, Director, Mazars

  • Use of model from bidding to operation
  • Considerations for private and public sectors
  • Monitoring and reviewing the model
  • Brining it altogether
  • 15:40 Case Study: Waste Models – Recent Joint Waste Authorities PFIs

    Tim Judson

    Tim Judson, Director of Procurement, North London Waste Authority

  • Overview of the pre-contact and post-contract models
  • Making the right assumptions
  • Tips for successful PFI model building in the waste sector
  • Lessons learnt: Greater Manchester and North London Waste PFIs
  • 16:20 Case Study: Social Housing Model – Brent Council

    Martin Cheeseman

    Martin Cheeseman, Director of Housing, London Borough of Brent

    17:00 Chairman’s Closing Remarks and Close of Day One

    8:30 Registration & Coffee

    9:00 Chairman's Opening Remarks

    Tom Brichieri-Colombi

    Tom Brichieri-Colombi, Senior Manager, Mazars

    9:10 Risk Quantification Systems and Models

    Andy  Garlick

    Andy Garlick, Director, The Risk Agenda

  • Strategies for risk management in PPP/PFI
  • The role of risk modelling and key assumptions
  • Being clear on the terminology
  • Approaches to measuring risk and to risk modelling
  • Probabilities and outcomes
  • Achieving flexibility in model design
  • 9:50 Reviewing a Financial Model when Time is Short, the Bid is Not Close to the Financial Close Stage or a Financial Model Audit is not Necessary or Possible

    David  Whittaker

    David Whittaker, Director, Modelling Solutions

  • Introduction
  • Scoping and planning
  • Techniques for review
  • Limitations
  • Questions and discussions
  • 10:30 Morning Coffee

    11:00 Modelling for PPP Projects and PFI Ratings Methodology

    William Coley

    William Coley, Vice President, Senior Analyst, Moody's Investor Services Ltd

  • Linking financial models to overall rating assessments
  • Key modelling sensitivities
  • Modelling construction risk - Moody's new construction period methodology
  • Modelling operating risk - Moody's new operating period methodology
  • Understanding expected loss: default probability and loss given default
  • 12:20 Networking Lunch

    13:50 Public Sector Business Case modelling

    Matt Lock

    Matt Lock, Manager, Business Modelling Group, Deloitte

  • The dynamic nature of business cases
  • Relevant guidance and principles
  • Technical tips and issues
  • Procurement and approval process considerations
  • 14:30 Building Post-Financial Close Models

    Andrew  Hucknall

    Andrew Hucknall, Senior Manager, Corporate Finance, BDO Stoy Hayward

    15:10 Reviewing Models for the Public Sector - Beyond the Numbers

    Glenn  Richer

    Glenn Richer, Partner, Rising Curve

  • One-off deals and long term partnering
  • Sanity checking costs
  • Success fees and hidden margins
  • Recovery of set-up costs
  • Remembering the contract.
  • 15:50 Chairman’s Closing Remarks

    16:00 Close of Conference Followed by Afternoon Tea

    +

    Workshops

    Financial Modelling Case Study
    Workshop

    Financial Modelling Case Study

    The Hatton, at etc. venues
    4th March 2008
    London, United Kingdom

    Advanced Financial Modelling: PFI Case Study
    Workshop

    Advanced Financial Modelling: PFI Case Study

    The Hatton, at etc. venues
    4th March 2008
    London, United Kingdom

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

    HOTEL BOOKING FORM

    Title

    SubTitle
    speaker image

    Content


    Title


    Description

    Download


    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

    Event Title

    Headline

    Text
    Read More

    I would like to speak at an event

    I would like to attend an event

    I would like to sponsor/exhibit at an event

    SIGN UP OR LOGIN

    Sign up
    Forgotten Password?

    Contact SMi GROUP LTD

    UK Office
    Opening Hours: 9.00 - 17.30 (local time)
    SMi Group Ltd, 1 Westminster Bridge Road, London, SE1 7XW, United Kingdom
    Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
    Website: http://www.smi-online.co.uk Email: events@smi-online.co.uk
    Registered in England No: 3779287 VAT No: GB 976 2951 71




    Forgotten Password

    Please enter the email address you registered with. We will email you a new password.