15 Great Lessons of a Successful PPP Project
The audio book where I tell you what worked in a PPP that has been copied many times, why, and how you would apply it to your next project.
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I buy houses, apartments and buildings from 20.000km distance. In Spain, Panama, New Zealand… and I can stay anywhere. Of course, I don’t recommend that for you. Some people want to push globalization too much. Having assets in London, NY, Madrid, Singapore, Sydney, etc. at the same time is not good for your health, nor your pocket. You miss specialization. You miss learning and knowing well a market. ​ When bidding PPP projects, I have seen successful bidders doing so from the distance. Thousands of km away. It is possible. Not recommended, though. Your client will like to see your face outside the screen. Even have a coffee with you in a break. It can be testimonial presence. Typically your office in those low budget bids is in your lawyers. But this does not show great commitment to the cause or the project. Don’t do it. Invest in the place. Because knowledgeable. Don’t spread yourself too thin. Geographically or in bids. Doing more than one bid at the time is a nightmare professionally and personally, and errors increase exponentially. Trying to be “an expert” in more than a couple of PPP markets is laughable. Better to develop a local team, or get local knowledgeable partners. If you want to know more about a project where things were done properly, you must click below. ​ ​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
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It happens a few weeks ago. “Tell me about Madrid and Spain, how do you do it? I heard a business case that Madrid has been able to deliver the cheapest tunnels in the world…” I did not know about that case, but my answer was simple: “Do you know how many TMBs had Madrid at the time?” Look. If you want cheap infrastructure, create a pipeline. Madrid had during more than 10 years between 7 and 8 TBMs (the machines to make tunnels in engineering slang). They are extremely costly. So, they...
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Southeast Asia. Early 2020s. You’re advising on a major transport PPP. Billions on the line. A metro line so politically visible that even the Prime Minister’s dog has an opinion on it. Your consortium is ready. Equity committed. Contractors lined up. Designers caffeinated beyond medical guidelines. The agency launches the RFQ. Everyone smiles. “Finally, a flagship project done properly.” (What a beautiful illusion.) Then… the unexpected happens. A new Minister arrives. (You can already feel...