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The Only Game in Town? Reflections on the UK Experience of PFI

Paper number
D062

John Redmond

February 2006

A paper given to the European Society of Construction Law Conference in Oporto, Portugal on 23rd June 2005.

The paper examines the reasons behind the Government's choice of PFI funding for the provision of major public services involving construction, the structuring of such projects and the newer 'bundling' of smaller projects to extend PFI thinking into local health care renewal. John edmond identifies the uncertainties and difficulties about PFI and acknowledges that the long-term nature of these projects makes assessing value for money difficult.

Introduction - The use of PFI to date - Conditions for the use of PFI - Ensuring value for money - The deal structure of a PFI project - Minimum project size - Bundling PFI projects: the structure of an NHS LIFT - NHS LIFT in practice - Views of the process: from project sponsors - Views of the process: from the public sector - Conclusions. The author: John edmond is head of construction at solicitors Osborne Clarke in Bristol, and a former chairman of the Society of Construction Law.

Text and annexes: 23 pages

PDF file size: 133k