Developing a New Cash Flow Expenditures Model Considering the Flexibilities Offered by the Design-Build-Finance (DBF) and Public-Private Partnership (P3) Project Delivery Methods

The overarching major objective of this research is to develop a cash flow expenditures model for estimating various cost items incurred in design-build-finance (DBF) and public-private partnership (P3) projects, taking into account flexibilities offered by the DBF and P3 delivery methods. The specific research objectives are to: (1) Identify and analyze the latest developments and trends in incorporating private financing in enhancing the capabilities of state DOTs in delivering a larger highway design and construction program; (2) Identify best practices in developing cash flow models for design-build and P3 projects and programs; (3) Develop an estimation model for actual cash flow needs of the department in the delivery of a highway project considering flexible opportunities provided by DBF and P3 delivery methods; (4) Conduct scenario analysis to examine the effects of changes in the execution strategies of the project on the department’s funding capacity; and (5) Determine the optimal sequence of executing design-build-finance and P3 projects (e.g., moving around the preliminary engineering, procurement and construction tasks) to provide the greatest funding advantage at the portfolio level.

Language

• English

Project

• Status: Completed
• Funding: $197000
• Contract Numbers:

  RP 18-13

• Sponsor Organizations:

  Georgia Department of Transportation

  One Georgia Center
  600 West Peachtree Street, NW
  Atlanta, GA  United States  30308
• Project Managers:

  Kamatkar, Supriya

• Performing Organizations:

  Georgia Tech Research Corporation

  505 Tenth Street
  Atlanta, GA  United States  30332-0420
• Principal Investigators:

  Ashuri, Baabak

• Start Date: 20180803
• Expected Completion Date: 20200903
• Actual Completion Date: 20201231

Subject/Index Terms

• TRT Terms: Best practices; Cash flow; Construction projects; Design build; Expenditures; Financing; Forecasting; Highways; Project delivery; Public private partnerships; State departments of transportation
• Subject Areas: Finance; Highways; Planning and Forecasting;

Filing Info

• Accession Number: 01702267
• Record Type: Research project
• Source Agency: Georgia Department of Transportation
• Contract Numbers: RP 18-13
• Files: RIP, STATEDOT
• Created Date: Apr 19 2019 2:49PM