As well as driving continuous operational improvement there is also a massive opportunity to achieve savings in your monthly outgoings.
Government guidance from the Infrastructure and Projects Authority suggests that the process for managing expiring PFI agreements should begin seven years before expiry so it’s not too early to engage with a specialist.
Our diagnostic services provides you with expert support & independent advice through our proven track record in managing the expiry of PFI contracts.
The Private Finance Initiative (PFI) is a way to fund public sector projects through private companies. It works by having the private company meet the initial costs of the project, instead of HM Government, local authority, or other public sector body. The private company then leases the project to the public sector body, which pays annual payments to the private company. PFI contracts can last over 25 years or more. Typical contracts are for:
How the private sector benefits: The private sector provides and is paid for services during the period of the contract by the public sector.
How the public sector benefits: The government does not have to lay out a large sum of money at once to fund a large project, so can pay for essential projects over many years.
We are seeing PFIs now reach the end of their concession period and the parties reviewing the future of the underlying asset.
This may involve handback to the authority or a new arrangement with the provider where no such transfer is envisaged.
We can offer our consultancy services involving a comprehensive review of PFI contracts and setting out recommendations that can inform discussions with the PFI provider.
We can also offer handover services such as condition surveys, audit of FM services and more.
View some of our recent case studies below.
Private Finance Initiative (PFI) Consultancy