SAVi can be used across the infrastructure cycle to value the costs of risks and externalities.
1
Determine infrastructure needs.
Develop infrastructure policies.
Use SAVi to prioritize infrastructure projects based on their contributions to national development strategies and the UN’s Sustainable Development Goals.
2
Conduct a pre-feasibility study.
Undertake preliminary market sounding.
Use SAVi to plan infrastructure projects and pipelines in a “systemic” manner. SAVi can assess how environmental, social and economic gains in one project can cause unacceptable losses for other sectors and projects.
3
Position in project pipelines and master plans.
4
Undertake preparation of project:
Technical feasibility study
Demand forecast
Revenue forecast
Cost–benefit analyses
Environment and social impact assessment
Phase 1 of financial structuring
Preliminary risk allocation
Launch design competitions
Use SAVi to identify and value material risks. These include environmental, social and economic risks, legal risks, revenue and demand risks, and financing risks.
Use SAVi to identify and value externalities.
Use SAVi to understand how externalities can become direct project risks in the future.
Use SAVi to add value to traditional cost–benefit analyses.
5
Screen for delivery as a public–private partnership (PPP) or publicly funded project:
Public Sector Comparator
Determine value for money (VfM)
6a
If better value for money (VfM) can be realized through PPP:
Advance financial structuring
Determine payment mechanisms
Develop scenarios on optimal risk allocation
6b
If better VfM can be obtained as a publicly funded project …
Use SAVi to add value to Public Sector Comparators.
7
Complete project preparation.
Complete financial structuring.
8
Embark on procurement phase:
Market consultation
Develop request for proposals. Determine technical specifications and award criteria
Launch tender
Evaluate bids and shortlist suppliers
Competitive dialogue (in cases of complex projects)
Award tender
Financial closure
Use SAVi to help draft technical specifications and award criteria.
9
Undertake contracting.
Obtain permits and clearances.
Use SAVi to draft and manage contracts that optimize the sharing of risks and bring VfM for all stakeholders.
10
Manage contracts during construction and operation.
Determine infrastructure needs.
Develop infrastructure policies.
Use SAVi to prioritize infrastructure projects based on their contributions to national development strategies and the UN’s Sustainable Development Goals.
Conduct a pre-feasibility study.
Undertake preliminary market sounding.
Use SAVi to plan infrastructure projects and pipelines in a “systemic” manner. SAVi can assess how environmental, social and economic gains in one project can cause unacceptable losses for other sectors and projects.
Position in project pipelines and master plans.
Undertake preparation of project:
Use SAVi to identify and value material risks. These include environmental, social and economic risks, legal risks, revenue and demand risks, and financing risks.
Use SAVi to identify and value externalities.
Use SAVi to understand how externalities can become direct project risks in the future.
Use SAVi to add value to traditional cost–benefit analyses.
Screen for delivery as a public–private partnership (PPP) or publicly funded project:
If better value for money (VfM) can be realized through PPP:
If better VfM can be obtained as a publicly funded project …
Use SAVi to add value to Public Sector Comparators.
Complete project preparation.
Complete financial structuring.
Embark on procurement phase:
Use SAVi to help draft technical specifications and award criteria.
Undertake contracting.
Obtain permits and clearances.
Use SAVi to draft and manage contracts that optimize the sharing of risks and bring VfM for all stakeholders.
Manage contracts during construction and operation.
Refinance after the construction phase.