Webb29 apr. 2024 · Welsh Water has taken the first step towards outsourcing the construction and financing of a £300 million water treatment plant to a third-party provider – just two years after concluding that the project was not suitable for off-balance sheet finance. Webblarge infrastructure projects via Ofwat's Direct Procurement for Customers (DPC) initiative.1 The draft guidance sets out Ofwat's regulatory and commercial expectations …

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WebbAddleshaw Goddard ‘s team advises clients on a spectrum of water-related issues, with particular focus on Ofwat’s new project finance model, the Direct Procurement for Customers (DPC). In addition to financing expertise, the firm supports clients with M&A and regulatory issues. marks and spencer ocean park portsmouth

Ofwat commit water companies to market testing of large…

WebbThe role of Ofwat in the initial procurement and ongoing arrangements between the DPC and the appointee is critical. Greater regulatory involvement is likely to increase investor interest provided that this supports long-term certainty on revenues. Webb15 juli 2024 · Relatedly, Ofwat has signalled its plans for greater use of its competitive delivery model (direct procurement for customers, DPC) for large projects. Companies will now be expected to pursue DPC as the default option for schemes with whole life TOTEX in excess of £200m per annum. Webbassumes 1% of Capex for procurement costs in line with Ofwat’s guidance. These are, however, significantly understated where schemes have small Capex requirement. PFI experience indicates that procurement costs for a project with £50m Capex requirement are more likely to range 2%-5% of Capex, which would make the DPC model worse for … navy rank seaman first class