What can the public and private sectors do better, together, to deliver greater value infrastructure?

The simple answer is to collaborate better.

The success of our conference is based on bringing together public and private sector partners from across the industry in Wales to address these challenges by removing the barriers, many of them perceived barriers, and exploiting the complementary strengths of each sector.

What is clear is that the traditional approaches to delivery remain traditionally fixed on lowest prices and largely transactional in nature. Unless this approach changes it is difficult to envisage greater value being delivered for our investment in infrastructure.

Areas to be addressed

Leadership from the top

Collaboration not Transaction - collaboration needs to become the “norm”

Long term planning greater value thrives with greater certainty

Short term funding - won’t support greater value nor the aspirations of the Wellbeing of Future Generations Act for long term decision making

Knowledge, skills and behaviours - cross industry improvement needed

Whole life costs vs lowest price - value needs to be viewed long term

Risk management - allocate risks fairly and sensibly

Introducing innovation - forge new approaches together

Lowest price procurement - A deeply embedded culture of “lowest price” procurement across the public sector is inhibiting longer term value outcomes

Limited innovation - characterised by a lack of desire and/or incentives to accept and embrace innovation and new technologies and materials