kykloud’s lifecycle cost management software underpins the new breed of PFI/PPP to deliver visibility and transparency across projects

What impact will whole life cycle costing have on PFI/PPP projects?

The new breed of PFI/PPP projects share the same key objectives to improve visibility and long-term value.  Through implementation of whole life cycle costing methods, the improved approach to healthcare, education and infrastructure projects will act on the criticisms levied against PFI/PPP to deliver more detailed data gathering, budget management, transparency and future planning.   

Whole life cycle costing is a more effective long-term solution for managing individual or concurrent PFI/PPP projects through real-time reporting to access information for shareholders or investors immediately.  Adopting a whole life cycle approach offers a range of benefits including protecting the long-term value and condition of PFI/PPP built assets, managing risk more effectively, supporting the release of funds, safeguarding future revenue and maintaining a secure audit trail. 

What solution does kykloud offer?

Public accountability – kykloud offers greater transparency by facilitating clear plans, asset value and budgets for repair and maintenance programmes up to 30 years or more in the future 

Efficiency – kykloud reduces the amount of time spent inputting and analysing conditioned survey data across built assets with up-to-date models and associated in-field surveying apps for mobile devices

Financial Planning – kykloud can help to prove the case for capital funding and efficiently manage capital investment as well as release reserved unspent lifecycle funds by proving funds are genuinely not needed 

Risk Management – kykloud features easy-access real time reporting of the value and condition of built assets for relevant shareholders and investors to ensure risk can be communicated and health and safety concerns can be managed 

Asset protection – kykloud can monitor the value of built assets and monitor future degradation to improve transparency