Financial Analysis - FM Costs

2.47  FM costs for the Pilot PPP Schools Bundle are as per the costs within the Financial Model on a year-by-year basis. This is the annual sum paid from the Project Company to the FM Contractor for delivery of FM services.

2.48  FM costs for the Conventional Schools are defined as the wages and material costs for cleaners and caretakers, and the costs of any other maintenance contracts (for example boiler servicing). Cost data is as per the school accounts; in years where the accounts data is not available, the average costs have been utilised.

2.49  The cost of FM Service Delivery to the Pilot PPP Schools Bundle is some 137% higher than the cost of FM delivery to the Conventional Schools (Figure 2.15). The PPP costs are significantly higher however the services provided across both comparator groups vary greatly, with FM services at the Pilot PPP Schools being consistent with the detailed Service Specification, which in turn has resulted in complete contractual and statutory compliance.

Figure 2.15 - FM NPV (€/m2 NPV)