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Development Services
The development of capital projects involves a high degree
of technical, financial and regulatory complexity and risk.
CommonWealth helps developers of solid waste processing and disposal
facilities, independent power producers, and developers of other capital-intensive
projects and enterprises to manage these risks through all phases of the
development cycle. Depending on client needs, we can act as the de facto
developer for an operating company or group of investors, or we can assist
an in-house development team by providing technical or managerial support
on an ad hoc basis. Specific development services offered by the firm include:
Initial Feasibility Assessments
We assess market conditions, identify the prevailing technical
standards and performance requirements for the product or service being
proposed, and perform technical and economic evaluations to determine
if a proposed new project or enterprise is likely to satisfy the developers
business objectives in the regulatory and competitive environment that
prevails within the target industry and the related product/service marketplace.
Site Selection and Acquisition
We identify and screen candidate sites for greenfield projects,
and evaluate pre-existing facility locations, using threshold and preferential
suitability criteria. We can also assist in structuring and negotiating
site purchase or lease agreements, including agreements for rights to
resources like landfill gas or process residuals.
Conceptual Design
For projects involving physical facility development, including
the design and installation of power generation, waste processing, waste
disposal and/or resource recovery systems and equipment, we establish
facility design parameters and performance criteria to guide design development,
and as the basis for permitting, financing and other development activities.
We can also arrange for and manage the development of detailed architectural
and engineering plans and specifications.
Permitting
We identify relevant project licensing and permitting requirements,
establish permitting plans, and manage the preparation of all project-related
permit applications and supporting documents. Subsequently, we pro-actively
represent project sponsors as necessary throughout the permitting and
approvals process.
Contract Negotiation
We prepare and negotiate the technical and business terms of service
agreements needed to make a project feasible and financeable, including
agreements for facility construction and operations, and for the purchase
and sale of all required project inputs and outputs, such as fuel supply,
waste acquisition, utility interconnection, recovered materials and energy
marketing agreements.
Financing
We work with project sponsors and underwriters to develop detailed
projections of project/enterprise cash flows and debt-service coverages
under various operating scenarios, and to assess alternative financing
strategies, requirements and costs. We also assist with the preparation
of comprehensive business plans, financing proposals and public offering
documents, and can help arrange for debt and/or equity financing of qualified
projects and enterprises.
Proposal Preparation
We help clients acquire new project development opportunities
or broaden the revenue base for an existing project by helping them respond
successfully to public or private Request for Proposals (RFPs). Whether
as the leader or as a supporting member of the clients proposal
team, we will assist with the development of the RFP response strategy,
as well as with the preparation, production and timely submission of focused
and responsive technical and pricing proposals, qualifications statements,
and related bid documents.
For examples of relevant client engagements, see
Independent Power Producer
French Waste Services
Company
Renewable Energy Developer
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