This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

PFI contracts in the spotlight for savings

10 February 2011

The Treasury has published guidance on renegotiating PFI/PPP contracts to achieve cost savings as part of the Government’s programme to reduce costs across the public sector.

The Government’s deficit reduction plan is taking a close look as the PFI/PPP contracts entered into in the last decade to reduce costs across the public sector.
The draft guidance, Making savings in Operational PFI contracts (DRAFT), identifies enabling measures that should be implemented before amending a contract, savings that should be explored by Authorities on a project-spefic basis, inititatives to explore centrally for industry-wide implementation and protection of value for money. The objective is for the guidance, which has been developed by Infrastructure UK, to form the basis of a voluntary code that will be supported by investors, subcontractors and lenders.
To read the guidance CLICK HERE. Useful interpretation has also been produced by lawyers, Nabarro. To read CLICK HERE

Contact Details and Archive...

Print this page | E-mail this page


View more articles
Article image

Welcome to the digital revolution

Exciting innovations in software have the potential to transform the FM sector......
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Is noise pollution stopping the return-to-office?

Noisy offices are driving down productivity and contributing to staff retention problems......
Article image

The reason you NEED a CSR strategy

A Corporate Social Responsibility strategy isn't just nice to have - it's a must-have......
Article image

Account Director finalists confirmed for PFM Awards

Three finalists have been confirmed to attend the final day of judging within the PFM Partnership Awards 2022 Account Director of the Year category....
Article image

Smart home technology is the future

Two-thirds (68.5%) of Brits are likely to purchase a smart home product within the next two years......