Although the PPP (Public-Private Partnership) model has been exercised in India for a long time, it got official on a much larger scale after 2006. The intensified interdependence between the public and private sectors to boost economic growth via the development of the country’s infrastructure has definitely paved the country’s path to being a world power. The government along with multiple construction companies and infrastructure consultants has joined hands to make India a sustainable and advanced haven. But to make large scale ideas of erecting massive infrastructure a success, they would require the expertise of infrastructure advisory service consultants.
Who are infrastructure advisory service consultants?
After a project has been conceptualized, infrastructure advisory service consultants in India are set to research, plan, budget, comprehend the necessity of the project and its utility for the general public. They become an indispensable part of the infrastructure project and play a vital role in ensuring the progression of the project in the pre-construction phase.
The 7 Principal Functions of Infrastructure Advisory Consultants in India
1. Bid Management: Bid management is the process of managing the completion of PQQs (Pre-Qualification Questionnaires) and ITT (Invitation to Tenders) to ensure compliance. To increase the chances of winning, companies demand the best quality bid to be submitted. Offering expert solutions, infrastructure consultancy firms not only prepare model answers, case studies of previous contracts and supporting documents to secure the strongest bid, but also follow up and request feedback so that bid submission can be improved in the future, and construction of the project can begin without any hassle.
2. Transaction Advisory: Any big project requires a well-outlined budget. Expert consultants in advisory services make sure that the capital to be invested is perfectly chalked out end-to-end. Based on market research, they assist clients to make informed decisions that would contribute to creating an effective social and economic value for the project.
3. Benchmarking Studies: Benchmarking studies in infrastructure include analysis and comparison of the project in hand to other similar projects based on its investment and performance. It prevents inaccurate budget estimations so that investments do not go wrong, and the expected benefits are successfully delivered. Expert consultants in infrastructure make sure that the cost and performance involved are perfectly outlined at every stage of the construction lifecycle.
4. Demand Analysis: The successful materialization of an infrastructure faces stagnancy until a demand analysis has been performed. For instance, if a construction of a highway is being planned by the government, he or she would need to know to what extent the purpose of this construction will be served and whether it is needed at all. By conducting a demand analysis, infrastructure consultants offer an understanding of the present pain points of the commuters, geological constraints (if any) the construction will be overcome, and how it can contribute to the construction of connected highways or bridges in the future (if ever planned).
5. Traffic and Revenue Studies: Apart from how much a transport infrastructure is necessary for a particular area, the success of the project also depends on its traffic. Consultants of infrastructure, therefore, study the current traffic movement of the allocated locality to understand the compatibility of the construction design, whether it offers sufficient capacity to tackle an increase in future traffic while simultaneously maintaining excellent service and the project’s socio-political and environmental impact. In the case of tolled highways or bridges across states or cities, the revenue is also predicted to determine the financial viability of the project.
6. Detailed Project Report: After the pre-feasibility and feasibility report has been compared and analyzed, and the proposed investment for the project has been approved, the project director or manager requests for a Detailed Project Report (DPR). Advisory service consultants play a key role in formulating the DPR of an infrastructure project that provides details of not just financial aspects but also its economic, technical, socio-political, and market effects. From the process of construction to the type of machinery to be used, everything is laid out comprehensively so that a smooth construction process can be established that further guarantees its completion within the stipulated budget and time.
7. Transportation Planning: Building any form of transport infrastructure requires authentic planning that is in compliance with the state laws and regulations, socio-political, economic, and environmental status of the area. The expert intervention of advisory service consultants in India makes it easy and predictable as it adopts a multidisciplinary approach to unearth the feasibility, practicality, utility, and sustainability of the project before it reaches the construction phase.
Making its presence felt in the pre-construction phase, infrastructure advisory service consultants in India make sure that the upcoming stages of the project function smoothly devoid of any delays, hassles, and legal or monetary concerns.