Greece Public Sector Martin S Hirko, MIRCS: Regional Director, Faithful+Gould November 2015 Restructuring Greece: Project Managing the Challenge

Public sector design & construction priorities Transparent, Fair and Competitive Tender Process  Open Market – Cast a Wide Net  Potentially Large List of Participants or Bidders Value, Quality and Sustainability  Health & Safety Considerations (Design & Construction) Best Lowest Cost  Durable, Long Lasting & Low Maintenance = Reduced Lifecycle Cost Sustainability

General public sector process risks Typical Public Tender Process  Unknown Market Conditions  Uncertain Number of Participants/Bidders - Too many or Too Few No Guarantee of Value, Quality and Sustainability  Increased Health & Safety Risks (Design & Construction)  Increased Risk – Cost Overruns & Long-term Cost Increases Major Negative Effects  History of Extended Completion Dates  History of Budget Overruns  History of Long-term Litigation and Fees

Incorporating select private sector methods Professional Pre-tender Cost Planning  Robust Budgeting, Cost Planning & Monitoring (Design & Construction) Professional Pre-tender Due Diligence  Pre-tender Analysis of Market Conditions  Pre-qualification Process Highly Confident List of Participants Confidence in Cost, Quality, Schedule and Sustainability  Reduced Health & Safety Risks – Design, Construction & Occupancy Increased Value & Reduced Risk Reduced Risk of Negative Impacts  More Confident Project Schedules / Programs Reduced Budget Overruns Reduced Litigation and Fees Introduce Integrated Partnership Approach  Design-Build or Design-Build-Operate (PPP) Approach

Independent “owner’s” project manager Internationally Accepted Standards  Tried and Proven Global Contracts: FDIC - International Federation of Consulting Engineers  Monitoring and Control Processes: Schedule, Manpower & Cash-flow Internationally Accepted Professional Accreditations  RICS – Royal Institution of Chartered Surveyors  PMI – Project Management Institute Professional Indemnity Insurance  Professional Indemnity Insurance Protection

summary Benefits of “Select” Private Sector Methods & Practices  Independent Professional Project Management Confident Project Monitoring and Control Processes  Higher Level of Assurance in: Health & Safety Compliance Budget Compliance & Final Cost Certainty Schedule Tracking & Completion Quality, Value and Sustainability

Ευχαριστώ πολύ! Thank you Martin S Hirko, MIRCS Regional Director, Faithful+Gould FGOULD.COM