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Running head: LONDON UNDERGROUND LIMITED (LUL) -Q2
Development of Buyer/supplier relationship
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LONDON UNDERGROUND LIMITED (LUL) -Q2 2
London Underground Limited (LUL) -Q2
London Underground’s business has a number of key characteristics, namely; it is
under the PPF/PFI funding and management and its long term and under periodic review.
Since the Labour won the elections of 1998, it placed LU under private partnership
Programme and private finance initiative. Under London Underground Limited, LU has
applied and successfully handled six projects. Another striking feature that comes out
when London Underground business is mentioned is the duration of the projects. London
projects are designed to be achieved over long term with the PPP and PFI providing the
funding. Most of the contracts run for up to 30 years (Gannon, 2010). Such contracts are
reviewed periodically before being re-examined for viability. Period reviews are carried
out within 3 to 5 years for most of the projects.
London Underground Investment Program had a number of issues that in one way
or another affected the realization of the plan. Some of the key issues were: lack of
enough funding, government dominance and interference, and Failure to involve key
stakeholders. Perhaps the major issues that bedeviled London Underground Investment
Program is lack of enough funding. Over the years the company operated on ring-fenced
funding and core grant. Ring fenced funds from government restricted its use to specific
project only while the core grant was unrestricted funds that could be used on daily
operations. The type of funding hampered company’s investments because they couldn’t
use funds freely to finance projects (Buck, 2017). Equally, the issues of government
meddling in the affairs of London Underground Investment Program resulted in project
delays.

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Running head: LONDON UNDERGROUND LIMITED (LUL) -Q2 Development of Buyer/supplier relationship Name Institution LONDON UNDERGROUND LIMITED (LUL) -Q2 2 London Underground Limited (LUL) -Q2 London Underground’s business has a number of key characteristics, namely; it is under the PPF/PFI funding and management and its long term and under periodic review. Since the Labour won the elections of 1998, it placed LU under private partnership Programme and private finance initiative. Under London Underground Limited, LU has applied and successfully handled six projects. Another striking feature that comes out when London Underground business is mentioned is the duration of the projects. London projects are designed to be achieved over long term with the PPP and PFI providing the funding. Most of the contracts run for up to 30 years (Gannon, 2010). Such contracts are reviewed periodically before being re-examined for viability. Period reviews are carried out within 3 to 5 years for most of the projects. London Underground Investment Program had a number of issues that in one way or another affected the realization of the plan. Some of the key issues were: lack of enough funding, government dominance and interference, and Failure to involve key stakeholders. Perhaps the major issues that bedeviled London Underground Investment Program is lack of enough funding. Over the years the company operated on ring-fenced funding and core grant. Ring fenced funds from government restricted i ...
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