Standardisation of PFI Contracts
The purpose of this guidance is to set out proposal for a balanced approach to dealing with the key issues that are likely to arise in a wide range of PFI projects. The guidance address how such issues should be dealt with in the Contract in a manner that is commercially deliverable and which enable public sector procures to meet their requirements and obtain best value for money.
This guidance is the result of a widespread consultation process, both within the public and private sector. With many issues a consensus existed. With others the guidance has taken a middle route which the Treasury Taskforce believes contains the essential elements of a good commercial deal for all parties concerned in PFI transactions.