Property and infrastructure are vital assets for both corporate and public sector organisations. Not only are they a significant balance sheet item but their pro-active management is essential to supporting core operations, optimising performance and providing an appropriate level of business flexibility. However, an evolving business must change its physical asset portfolio over time and this means that delivering a major capital programme can be an inevitable consequence of growth and change. Such a programme might require the building of new offices, production facilities, call centres or distribution hubs. It might also mean managing the life cycle replacement or refurbishment of existing assets.

For infrequent or inexperienced buyers of construction services, capital programmes can be daunting. Typically, they are characterised by their complex technical requirements, the multitude of stakeholders (such as funders, owners, users, contractors, architects and engineers), a demanding and litigious regulatory environment and multitiered supply chains. As the capital programme owner, there is also the challenge of selecting a procurement route that will deliver best value whilst optimising the allocation and management of risks.

For further information, download our publication Independent capital programme assurance for successful delivery. (PDF, 250KB)

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