Region: North America
Country: Canada
Topic: Financing and Risk Mitigation
Keywords: Knowledge Lab, Funding and Financing, Value for Money (VFM)
Document(s):
Document Summary:
The guide aims to provide information and insight about IO’s use of best practices, as well as to provide further transparency about VFM and the Alternative Financing and Procurement (AFP) model. The AFP model brings together private and public sector expertise in a unique structure that transfers, to the private sector partner, the risk of project cost increases and scheduling delays typically associated with traditional project delivery. IO uses several AFP models to deliver projects. These are the Build-Finance (BF), Design-Build-Finance (DBF), and Design-Build-FinanceMaintain (DBFM) models. The current list of projects assigned to IO fall under a variety of asset classes including transit, transportation, hospitals, courthouses, post-secondary institutions, detention centres etc. The methodology set out in this guide therefore relates to BF, DBF and DBFM projects, across all asset classes.
Document Details:
The updated VFM Guide is intended to provide greater information and insight about IO’s use of best practices, as well as to provide further transparency about VFM and the AFP model for our clients and stakeholders. The process to refresh our VFM methodology involved:
The refinements reflected in this updated VFM Guide include:
Updated: April 12, 2022