2015 Report details for project: Royal Liverpool & Broadgreen - Renewing the Royal Liverpool University Hospital

Project name: Royal Liverpool & Broadgreen - Renewing the Royal Liverpool University Hospital - there are 3 reports for this project: 2013, 2014, 2015
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Organisation: DOH (D12) - see all reports for this organisation
Report year: 2015 (data is from Sept 2014)
Category: Infrastructure - see all reports for this category
Description: A new Royal Liverpool University Hospital procured under the Private Finance Initiative. The scheme will address service delivery and building infrastructure concerns. It will secure the future provision of high quality service for the local population, together with specialised services for Cheshire, Merseyside and beyond and support world class research and teaching in partnership with the University of Liverpool. This will be achieved through the implementation of a Clinical Services Delivery Model, the development of services outside hospital, redeveloping or utilisation of facilities at Broadgreen Hospital and redeveloping the Royal Liverpool University Hospital. The existing hospital also presents a significant business continuity risk arising from serious issues concerning fire safety and the engineering structure.
DCA (RAG): Green
DCA text: The MPA RAG rating was Green at Q2 2014. Following Financial Close in December 2013, construction commenced as planned in early February 2014. The construction programme has been delayed due to the discovery of asbestos on the site. However, the PFI Consortium has developed remedial measures and a revised programme shows a steady recovery of lost time so that the contractual completion date remains unchanged at March 2017. The Trust continues to closely monitor the construction programme. Construction delay and asbestos removal are both Consortium risks - the Trust holds no risk. The project has continued to receive high or significant assurance from the project's external auditors.
Start date: 2010-06-01
End date: 2016-11-01
Schedule text: Although construction of the new hospital is behind the programme established at Financial Close, the Trust has received significant assurance from the PFI Consortium that the planned completion date will be achieved. Monthly Progress Meetings are held with the PFI Consortium and the Construction Contractor, with the Independent Tester and Technical Advisor to the project funders also present. The PFI contract places all risk of delay and cost overrun with the PFI Consortium.
Baseline: £19.50m
Forecast: £19.50m
Variance: 0.00%
Variance text: Budget variance less than 5%
Whole Life Cost: £828.00m
WLCost text: The budgeted whole life cost includes project development costs, enabling schemes, the Authority's capital contribution and the PFI Unitary Payment for the thirty-year concession period. Following Financial Close for the PFI element of the development, these costs are fixed subject only to inflation on one part of the Unitary Payment.
Notes1: Royal Liverpool & Broadgreen ('World Class Hospitals; World Class Services - Renewing the Royal Liverpool University Hospital') DOH CAPITAL
Notes2:
Sourcefile: IPA_2015.csv

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