APPENDIX A: ACRONYMS AND DEFINITIONS

Client community

The term is used in the report to refer the community group that the service providers service. For example, principals, teaching staff and school business managers (the service providers) provide services to students and their parents (their client community)

Contract manager

The public official employed by the government agency to manage the PPP contract under which the service providers access capital facilities and receive FM services

DBFM

Design, Build, Finance and Maintain contract model

DBFO

Design, Build, Finance and Operate contract model

D&C

Design and Construct contract model

BOO

Build, Own, Operate contract model

BOOT

Build, Own, Operate and Transfer contract model

FM

Facility Management

FM operator

The FM operator performs on behalf of the PPP Project Co, of which it is often a shareholder, the contractual obligations for FM works and services.

NIP

National Infrastructure Plan, New Zealand

NIU

National Infrastructure Unit, formerly part of New Zealand Treasury, now the New Zealand National Infrastructure Commission - Te Waihanga

On-site FM operator

Employee(s) of the FM operator that work on a specific PPP project site

KPI

Key Performance Indicator

PFI

UK Private Finance Initiative

PF2

UK Private Finance 2

PM

Payment Mechanism

PPP

Public Private Partnerships

PPP Project Co

This is the counter-party to the government in the PPP contract and the legal entity ('company') ultimately responsible and accountable for providing to service providers access to capital assets and FM services. Sometimes called the SPV.

PPP Proponent

An entity bidding in the tender process for a PPP project and contract. This entity may comprise of a number of firms bringing equity and specialist expertise to the bid. The PPP proponent winning the tender is often referred to as the PPP Project Co.

PSC

Public Sector Comparator, a tool used by governments to assess the cost of delivering a service or asset by the public service itself

Service provider

The term is defined in this report as meaning those individuals utilising the PPP capital assets and services to deliver services to community members. In some PPP models those employees are public sector and in other cases they are employed through the PPP Project Co.

SPV

Special Purpose Vehicle, refer PPP Project Co

VFM

Value for money