Leading asset management specialist, Currie & Brown, today highlighted the need for meaningful and close co-operation between government and the private sector if plans to fund major public projects are to be successful.
Speaking today at an event hosted by the firm to debate public funding and the Scottish Futures Trust, Jim Hackett, Director at Currie & Brown said:
"Following the establishment of the Scottish Futures Trust the Scottish Government must move to develop the expertise and funding initiatives to push forward the Infrastructure Investment Plan for £ 35 billion over the next ten years. However if Scotland is to successfully benefit from the proposed investment and secure the potential £150 million a year efficiencies from the establishment of the Scottish Futures Trust, then the private sector must step up and claim a role in the process.
"The private sector needs to work in close partnership with government to develop flexible procurement routes that optimise use of finite funding and human resources. Alongside this, a more holistic view has to be adopted for investment. We have to recognise that the best solutions will come from a process that engenders close co-operation between public and private sector in terms of sharing expertise and creating innovative solutions that deliver value to the taxpayer.
"In regard to the overall cost of a major project, the initial capital investment is just the tip of the iceberg and it is in the overall management of public assets that the greatest value and efficiencies can be achieved. That is why it is vital that an asset management approach is taken in the provision of projects, services and facilities that recognises finite resources and creates greater efficiencies to best meet the long term needs for the public."
Currie & Brown advises on some of Scotland’s biggest public sector projects including NHS Greater Glasgow and Clyde Acute Services Review and NHS Lanarkshire’s "A Picture of Health" programme, South Lanarkshire Schools PPP Professional Services and Partnership and Midlothian Schools PPP.
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Note to Editors:
Currie & Brown is a leading consultant in international asset management and construction matters. It has four operating service divisions: Project Management, Cost Management, Consulting and Business Consultancy.
The company employs over 1000 people worldwide: 500 in the UK and a further 500 in more than 50 territories around the world.
It is one of the world’s top 10 consultancies whose clients include Marks & Spencer, Royal Bank of Scotland, BBC, BAA, BP, Land Securities Trillium, and Shell Exploration.
The business is headquartered in London with 13 regional offices across the UK. It also has offices throughout Europe, Middle East, Asia, Australia, the Americas and associated offices in Africa.