TABLE OF CONTENTS HMT-5/E UK PFI Seminar Text 1.1 Traditional Procurement of Public Works in the UK 1.2 Introduction to Key Principles 1.3 The UK Treasury Taskforce 1.4 The UK Public Private Partnerships Programme (4Ps) 1.5 PFI in Europe 2.1 Step-By-Step Process - An Overview 2.2 Output Specification 2.3 Selecting Companies for Shortlist 2.4 Preparation of Tender Document 2.5 Payment Mechanism 2.6 The Public Sector Comparator 2.7 Risk Adjustment 2.8 Bid Evaluation 2.9 Negotiations with Bidders 2.10 Key Contractual Issues 3.1 Case Study: Second Seven River Crossing - A Financially Free-Standing PFI Project 3.2 Case Study: The Croydon Tramlink - A Subsidised PFI Project 3.3 Case Study: Law Hospital: A Services PFI Project 3.4 Problems and Difficulties in UK PFI Projects 3.5 UK PFI: Private Sector Perspective 3.6 UK PFI: Public Sector Perspective