scope of work of investment consultant engineering

Scope of Work of Independent Consultant Engineering for Freeways and railways design, investment, construction, operation, maintenance & development (First Draft, 2016/14/06), Adapted from: http://www.wsp-pb.com/

Written by: Nazanin Karimnezhad, Email: [email protected], +98-912-690-8246, Tehran, Iran Page | 1

STRATEGIC CONSULTING

Services of Strategic Consulting

1. PPP planning, procurement advisory

2. Asset Management

3. Business Improvement

4. Demand Forecasting

5. Economics

6. Funding and Financing

7. Investor Advisory

8. Policy and Research

9. Sustainability Advisory

10. Technology

11. Value Capture

1. PUBLIC-PRIVATE PARTNERSHIPS (PPP)

The application of PPP as a project delivery method has been expanding globally. My consultancy team

have been at the forefront of PPP planning, procurement advisory, asset management, and our evolution

from pure privatization to more complex partnerships.

PPP Planning Support

The public sector has turned to PPP (also known as P3 or PFI) to achieve a range of objectives, for

example, the simple transfer of commercial risk with a toll road, or the complex sharing of performance

risks in a school PPP. As an expert in the design, construction, finance, operation and maintenance of

infrastructure, my consultancy team are uniquely placed to advise the public sector or their private partners

on strategies to achieve their respective objectives throughout the life of a PPP project.

mailto:[email protected]




In the early planning stages of a project, my consultancy team advice on feasibility, delivery options, risk

analysis, and value for money, utilizing core engineering and commercial knowledge gained from

successful delivery and operation of a broad range of PPP projects.

PPP Procurement Advisory

Preparing for PPP procurement, especially in a new jurisdiction or industry sector, can be daunting. Our

staff includes a blend of former public sector professionals who understand this process from personal

experience and former PPP developers or financiers who understand the perspective of bidders. My

consultancy team advice on practical aspects of the legal or regulatory issues concerning PPPs, as well as

pre-developing a PPP project to improve feasibility, and modifying the planning approach to accommodate

a PPP procurement.

During the procurement process, my consultancy team offer our extensive experience which includes both

technical and commercial advisor for the public sector and advisor to the private sector. In the case of the

latter, we have assisted in bid development, served as lenders’ technical advisor, and as independent

certifier/ independent engineer. Our public sector technical and commercial advisory experience includes:

Development of the project scope

Development the payment mechanism

Preparation of the output specification/ performance requirements

Negotiating the deal and executing the PPP contract

Monitoring construction and operation

As markets have matured, the secondary sale of equity in PPP projects has become more commonplace,

with developers seeking to recycle scarce equity capital, and financial investors seeking stable index linked

assets. With our broad knowledge of the primary PPP market and the operation and management of

infrastructure assets, my consultancy team can provide Investor Advisory services to buyers or sellers

seeking to maximize value with acceptable risk.

PPP Asset Management

Our technical and commercial expertise of PPP models allows us to offer, as part of our asset management

services, the management or support of operational special purpose vehicles (SPVs) in a number of

jurisdictions. Our hands-on experience of PPP projects means that we have developed a database of

projects from which we are able to conduct market benchmarking. We have developed facilities

management strategies and whole life cost models using our extensive knowledge of the concession and

lenders agreements that govern PPPs.

2. ASSET MANAGEMENT

When it comes to fleet, facilities, and infrastructure assets, owners and operators realize value by

integrating management, engineering, and financial decision-making across the asset lifecycle to deliver

services reliably, efficiently, and effectively.





My consultancy team play a leading role in the development and growth of asset management practices

across the globe. Our leadership is defined through contribution to best practice development. Our team

understands the challenges our public and private clients face managing aging assets, with higher demands

for service, increasing competition for financial and other resources, and increasingly complex performance

requirements. We work with organizations to ensure that real value is extracted from their assets across

the entire lifecycle. Our asset management services have tow focus areas:

Organization

We help organizations improve their asset management capability – including training, transformation

program management, organization improvement, business strategy, business process improvement, and

services related to the assessment, audit, and certification.

Asset

We help organizations improve decision outcomes – including asset inventory and condition assessment,

criticality and risk reviews, resiliency and vulnerability assessments, lifecycle cost analysis, maintenance

advisory, capital and operational planning, and asset management plans.

3. BUSINESS IMPROVEMENT

Accountability and competition drivers, in private and public sectors, are accelerating the need to deliver

more – deliver it better, quicker, safer, and more reliably – while meeting customer expectations. My

consultancy team act as a change enabler to assist senior executives and managers in developing business

and strategic plans, accelerating implementation, facilitating change management, and delivering results

that improve business performance.

Managing change and reorganization requires the proper alignment of people, policy, and process to drive

business performance. Our collaborative approach with clients serves as the foundation to apply best

practices, engage effectively with key stakeholders, develop governance and reporting frameworks, as well

as rollout change management initiatives.





My consultancy team applies our in-depth understanding of infrastructure and operations, best practice

technologies and processes, and financial and business know-how to help senior executives and

management increase productivity and performance within their organizations.

Our business improvement services include:

Strategic and business planning

Goal setting, implementation strategies, measuring performance.

Institutional structures and governance

Design new or grow existing capabilities and governance structures.

Audit and compliance

Confirm current performance to regulators and identify opportunities.

Process review and improvement

Alignment to customer drivers, lean programs to support time and

inventory savings through process redesign, and six sigma to support

savings from improved product and process quality.

Business case, investment review, benchmarking and

value proposition development

Obtaining and packaging information to enable businesses to make informed investment decisions.

Improved program management office (PMO) and framework development

Implementation plans for programs and asset management strategies.





4. DEMAND FORECASTING

My consultancy team provides specialty services in the development, application, and implementation of a

variety of tools and forecasting techniques used in the support of planning and investment by both public

and private sector infrastructure investors and developers.

We have in-house experts in economics, international trade, and transportation and transit ridership to

support specialized applications across sectors, including toll roads and managed lanes, freight, parking,

passenger transit, aviation, sea ports, inland ports, crossing point boundaries and various terminals.

Our knowledge and expertise in traffic and travel demand forecasting and modeling has been used to inform

policy, planning, or financing decisions related to:

Business Case Development

City and Regional Planning

Crowding and Capacity Modeling

Economic Impact Assessment

Financial or P3 Feasibility

Asset Monetization Sell-Side Value Estimation

Buy-Side Investor Advisory Bid Development

Policy Development

Pre-Feasibility and Feasibility Study Development

Revenue Forecasting and Revenue Protection Strategy Development

Transport Planning

These services have supported congestion and road pricing, parking demand management, supply chain

enhancements, or other client initiatives.





5. ECONOMICS

My consultancy team of economists guide public and private infrastructure owners, planners, regulators,

and policy makers through the investment decision-making process from both financial and economic

perspectives.

We specialize in providing economic services to transportation, property, mining, energy, water and

wastewater, and solid waste sectors. By looking at both governing policies and economics, our economists

are able to provide insight to our clients on how infrastructure investments shape economic outcomes,

including goods movement, labor markets, economic productivity, and broader regional competitiveness.

Economic consulting services include:

Benefit-cost analysis

Cost escalation forecasting

Cost risk analysis / Monte Carlo simulations

Econometric modeling / demand forecasting

Economic development studies

Economic impact analysis

Lifecycle cost analysis

Market demand analysis

Real estate and fiscal impact analysis

Regional and economic model development

Socio-economic / land use forecasting

Supply chain analysis

International and domestic freight flow analyses

Toll, fare, tariff, and price elasticity studies





Economic and related analyses enable owners, planners, and policy makers to make more informed

decisions regarding the impacts of infrastructure investments and resource management on economic

development and resiliency at the local, metropolitan, regional, national, and international levels.

For sectors characterized by a mix of funding such as user fees, debt, and grants, my consultancy team

have developed numerous models projecting the financial and economic rates of return on a wide range of

projects. These issues are particularly important in determining how the project could be funded, and my

consultancy team have applied these principles in a variety of settings.

Our strategy is to be responsive to our clients’ needs, constraints, and the implications of investments for

policy decisions. We evaluate the benefits, costs, and tradeoffs of investment, quantify their impacts

economically, environmentally, and socially, and identify the economic impacts of different pricing and

funding strategies.

We have developed and used the support economic impact analysis, which is used for comprehensive

benefit cost and return on investment analyses. Also we evaluate the wider economic impacts of projects,

drawing on advanced regional economic modeling techniques. Our financial analysis is a proven and

reliable analysis to help craft long-term strategic plans, prioritize projects, determine the feasibility and

impacts of potential public investments, and assess large projects for governments and the public.

Clients who have retained my consultancy team for economic consulting services include owners and

operators of infrastructure, governments, private investors, financial institutions, and the major multilateral

funding organizations.





6. FUNDING AND FINANCING

As infrastructure needs tend to surpass available funding, clients rely on our funding and financing expertise

for guidance in making sound strategy and policy adjustments to help close funding gaps and enable the

successful and expeditious execution of projects and programs.

Working closely with public agencies, companies, and communities, my consultancy team take pride in

helping clients evaluate their funding and financing options. We tap into our extensive experience in public

funding and planning of projects in transit, highway, energy, buildings, and aviation infrastructure.

Our financial experts combine their backgrounds in public sector service, investment banking, law, planning,

and consulting with our technical experts’ know-how in design, construction, operations, and maintenance

to fund and deliver cost effective and sustainable infrastructure.

We provide clients with expertise in financial planning and cash flow modeling, capital planning, funding

application assistance, cost allocation, public financing, value capture, demand forecasts, forecasting

revenue and expenditure models, pricing analysis and strategies, as well as real estate and fiscal analysis.

Our approach was developed to meet the needs of our clients. It emphasizes precision, transparency, and

flexibility, and encourages collaboration. It provides our clients with tools, strategies, and solutions that fully

assess risks and opportunities, and produce accurate results for sound decision-making.





7. INVESTOR ADVISORY

Investors, lenders, and developers seeking to drive real hands-on value creation strategies, whether

through acquisition, operational improvements, or divestment, turn to my consultancy team for the

experience, knowledge, and skills necessary to conceive and capture opportunities aimed at optimizing

their portfolio returns.

To ensure that these optimal, index-linked returns are achievable, our seasoned experts in building,

transportation, and other infrastructure assets assess and analyze the responsibilities, risks, and mitigates

with regard to commercial, environmental, and technical issues.

Prior to a transaction, whether a Greenfield investment, asset acquisition, or a divestment, we work with

our clients to understand their or their target investor’s goals and risk appetite. After devising a due

diligence plan, our advisors reach throughout the organization to supply the appropriate experts in design

and construction, operations and maintenance, asset management, capital improvements, and technology.

Our integrated advisory team uses a holistic approach to identify commercial and technical risks while

relying on our specialists’ experience in the relevant infrastructure sectors. We provide a number of services

to optimize our clients’ investments or bidding approach, including:

Process and strategy recommendations

Market assessments

Cost benchmarking or forecasting





Asset condition surveys

Environmental reviews

Design audits for new developments

Due diligence reviews

Other professional services

After the transaction has closed, we also have the capability to manage or operate infrastructure assets or

portfolios for investor clients.

A new picture is emerging since the financial crisis, one of a more competitive and larger than ever

investment boom in property. Driven by a surge in demand as the world’s fast growing population is moving

closer to the bright lights and the availability of global finance to invest in our cities, opportunities for growth

are more present than ever. We are seeing increasing levels of foreign direct investment in property from

sovereign wealth funds, pension funds, and Asian developers, and our knowledge and understanding of

property markets around the world make my consultancy team the ideal partner to support these

transactions.

8. POLICY AND RESEARCH

The future of property and infrastructure will be driven by an optimized combination of policy initiatives in

all areas of strategic planning, project development, finance, design and delivery, and operations and

maintenance. Leading edge research and innovation is paramount to creating effective policy.

My consultancy team provide thought leadership, policy guidance, analysis, applied research, and

innovation capabilities to public and private sector clients looking to advance the development, delivery,

and performance of property and infrastructure. Clients partner with the firm’s wealth of subject matter

expertise, policy management consultants, and technology deployment specialists to:

Create new market/sector knowledge and innovation

Anticipate and adapt to change and risk





Package and deploy knowledge and technology based solutions

Develop policy and implementation frameworks that advance practice and process

By providing these services, we are able to equip our clients with the tools they need to preserve and

modernize facilities, transportation systems, and other infrastructure assets that support the communities

in which we live and work.

Our teams are dedicated to ongoing thought leadership, research, and innovation, and are frequently called

upon as experts for peer reviews, development of regulatory policy, and best practices. Given the size and

global reach of our science and technology experts, my consultancy team is better placed to start projects

immediately and support them throughout their life span, and also to work seamlessly in new environments

and cultures. A few prominent areas of research include:

Alternative and Accelerated Delivery Strategies

Digital Project Delivery

Freight and Logistics

Resiliency Planning and Sustainability

Structure and Drivers of Economic Growth

Alternative and Accelerated Delivery Strategies

With growing constraints on funding, delivering infrastructure improvements is increasingly challenging. Our

policy professionals draw on applied and best practice research from our experience working on major

infrastructure projects around the world to assist project sponsors in exploring accelerated project delivery

strategies to reduce project time and hence cost. My consultancy team also provide unparalleled expertise

in the latest strategies to optimize environmental review and planning application processes to help

accelerate project delivery. Our environmental and planning policy experts develop guidance, policies,

regulations, and legislation, and conduct research at the national level, to document and share the latest

trends and best practices with practitioners around the country.

Resiliency Planning and Sustainability

Extreme weather events and natural disasters, as well as long-term climate trends, have exposed

vulnerabilities and shown that communities need to more seriously and proactively consider the impacts of

these events. Developing multi-perspective resiliency strategies provides the opportunity for building a

stronger, more economically viable community. My consultancy team have national practice in vulnerability

and resiliency planning is linked to all stages of project development and leads to the incorporation of

uncertainty and risk directly into planning and engineering processes. We couple a national reputation as

an expert in infrastructure system resiliency planning with a deep understanding of the policies, standards,

and operations of infrastructure owners and operators. We also offer a host of Sustainability Advisory

services that include climate change mitigation and adaptation, planning and programming, and more.





Freight and Logistics

My consultancy team freight and logistics services enable public agencies to build economic value by

making supply chain network performance more productive for the communities it serves. We engage with

infrastructure owners, operators, and stakeholders to facilitate a common understanding of the

requirements of supply chain users and how to employ policy changes, management initiatives, operating

improvements, infrastructure investment, and economic development strategies to improve the supply

chain systems from end to end. Our professionals have hands-on, multimodal experience in freight and

supply chain planning, development, and operations from the global to the metropolitan level.

Structure and Drivers of Economic Growth

Our regional and urban areas are growing – as is their importance as centers of economic development.

Faster technological development, cheaper transports, and efficient information technology are helping to

drive this growth. Our experts work with clients to formulate effective, appropriate, and applied strategies

to meet current and future growth, economic development, and sustainability challenges.

9. Sustainability Advisory

Governments, cities, and businesses face significant challenges related to population growth, resource

demands and constraints, and extreme weather events that impact the resiliency and sustainability of our

communities. My consultancy team are committed to integrating the principles of sustainability into our work

in planning, designing, and managing property and infrastructure.





On every project, our goal is to offer our clients innovative ideas that meet the triple bottom line of

sustainability. We emphasize innovation and creativity in answering the challenges associated with the

natural and built environment while carefully balancing social, economic, and environmental imperatives,

and we apply that approach across a range of disciplines and sectors.

My consultancy team have a unique team of management consultants, scientists, and engineers, all

working throughout the lifecycle of a project, from strategy to delivery and commissioning to operations–

offering innovative and implementable solutions with a strong focus on change management and executive

engagement.

In our planning and community development work, we advocate strategies to create vibrant, livable

communities. In the power and energy sector, we contribute to the development of renewable energy

sources and the reduction of emissions associated with traditional power generation. Our work in

transportation planning and design encourages the development of communities that offer a full range of

economic, social, and recreational opportunities. We advise clients, including government agencies, on

strategies to reduce carbon emissions and to address the consequences of climate change.

Our expertise providing integrated and sustainable engineering and architectural solutions across multiple

sectors is what informs our high-level Sustainable Advisory services offerings, which include:

•Lifecycle Cost Analysis and Asset Management

•Low Carbon Advisory (including accounting, adaptation and mitigation strategies)

•Policy Development

•Program Development and Management

•Resiliency Planning and Risk Management

•Scenario Planning

•Strategic Planning

•Thought Leadership and Innovation

•Vulnerability Assessments

Economic Development

Environmental Stewardship

Social Responsibility





Developing strategies and solutions from a lifecycle perspective

We work with executive teams to understand long-term trends and respond to them. We design detailed

strategies to respond to the opportunities and challenges of climate change, future energy prices, and

water. And we help our clients deliver these on the ground, using our practical engineering teams and

world class staff in many countries across the world.

Cutting costs, reducing impacts, moving to net positive

From cutting energy and water use, to understanding future megatrends, our teams work with clients to

reduce their impact on the environment and also to understand how future trends will impact their

businesses. Our Future Ready program is unique in our sector and aims to build future trends in all of our

projects. Future Ready provides executive teams with clear, evidence based insights – insights we also

apply to our engineering designs and clients.

10. TECHNOLOGY

The Internet of Things (IoT) is by far one of the most disruptive yet groundbreaking evolutions in our society

today. As this significant technological advancement offers a unique opportunity to improve the way we

live, commute, and travel, it sheds a new light on how property and infrastructure owners need to adapt

and embrace the change.

My consultancy team are committed to being the leader in all property and infrastructure-related

components for smart and connected systems, offering both policy and technical support to public and

private clients and acting as the liaison between owners and the emerging technologies.

The technology for cars exists today to detect hazards, notify the driver or automatically react, minimizing

accidents. Bridges can be instrumented to transmit data related to structural integrity, avoiding bridge

failures. Today, sensors monitor and track huge amounts of data; cloud-based apps translate that data

into useful intelligence and transmit it to machines on the ground, enabling mobile, real-time responses.

We can help integrate technology, capture the data, and turn it into action for end users.

Technology applications are expanding into all aspects of our society and their impact is profound, as cities,

buildings, and infrastructure become ever smarter, with solutions for smart mobility, smart security, smart

healthcare, smart governance, and many more becoming commonplace.

A Game-Changer in Modern Transportation

In Transport and Infrastructure, My consultancy team can become your partner, offering mobility

management services to help you determine how you want to evolve to tomorrow.





Policy and Planning – from strategic planning and concept of operations development to legislative

coordination, to the intersection between ITS, tolling, managed lanes, and traffic engineering; our

practice brings this full spectrum of understanding and rich experience in planning to the table for

easy integration with your existing programs.

Engineering and Integration – from roadside infrastructure assistance to telecommunications

expertise, data management to asset and configuration management to C/AV research; we offer

our unique experience in having actually deployed roadside infrastructure as part of multiple

projects, and with the most current standards.

Adaptation to Change – from assisting agencies in adapting to a customer/operations focus, to

helping them understand where an agency lies in the C/AV development continuum; we can then

help them take the necessary steps to advance to the next level.





11. VALUE CAPTURE

My consultancy team are a leader in applying value capture tools and innovative financing structures to

meet our clients’ critical funding needs on complex property and infrastructure projects. We define value

capture as the generation of revenues for property and infrastructure projects through incremental taxes

and/or assessments on private property, but every project is different and new value capture solutions can

often be devised.

We have served as a trusted advisor to departments of transportation, redevelopment agencies, transit

authorities, joint power authorities, and city and county governments for over a decade. We typically aim to

employ captured values to help close funding gaps and to finance or repay investments in public

infrastructure.

Specific value capture expertise includes:

Detailed analysis of potential new development values

Preparation of value capture reports based on revenue sources

Corridor and transit-oriented development site evaluations

Projections of value capture revenues

Governance structures to manage and allocate value capture revenues

The types of approaches used could be special assessments; tax increment financing; development impact

fees; and negotiated approaches such as developer contributions, air rights, and joint development

agreements or a variety of other means where a property or infrastructure investment results in new value

creation. Revenues can be applied to capital and operating costs, or in support of innovative delivery

methods, such as public-private partnership (PPP) structures.

By using tried and true tools in innovative ways, our team has assisted numerous public and private entities

in providing customized value capture approaches that solve clients’ urgent financing needs.


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