Guidance

Making savings in operational PFI contracts

Guidance to help government departments and local authorities reduce the cost of operational PFI contracts.

• From: Infrastructure and Projects Authority and HM Treasury
• Published: 9 July 2013
• Last updated: 28 November 2018 — See all updates

Documents

Making savings in operational PFI contracts

PDF, 324 KB, 36 pages

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Details

The government has announced that it will no longer use PF2, the current model of Private Finance Initiative (PFI) for new government projects. Existing PFI and PF2 contracts will not end because of this announcement.

This guidance document is intended to help government departments and local authorities reduce the cost of operational Private Finance Initiative (PFI) contracts.

It highlights the need for strong contract management and suggests options public sector bodies may consider to reduce the cost of a contract.

It also includes sources of support and emphasises the importance of protecting value for money. The guidance draws on engagement with central and local government and the findings of savings pilots at Queen’s Hospital in Romford and Ministry of Defence projects.

Published 9 July 2013
Last updated 28 November 2018 + show all updates

1. 28 November 2018

   Updated with announcement: 'The government has announced that it will no longer use PF2, the current model of Private Finance Initiative (PFI) for new government projects. Existing PFI and PF2 contracts will not end because of this announcement'.

2. 9 July 2013

   First published.