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ARTICLE · 23 FEBRUARY 2011

Making Savings In Operational PFI Contracts - Treasury Draft Guidance

MacRoberts
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In line with belt-tightening across the board, the Treasury has issued a draft guidance note on "Making Savings in Operational PFI Contracts".

United KingdomGovernment, Public Sector
Andrew Orr
Andrew Orr
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In line with belt-tightening across the board, the Treasury has issued a draft guidance note on "Making Savings in Operational PFI Contracts". It aims to assist PFI Contract managers, in both central and local government, identify and implement measures that will "reduce costs while maintaining frontline services".  As a pilot project, the contract for the Queens Hospital in Romford will be examined by a team of legal, technical and other professional advisors to look at where costs can be cut and money can be saved. It is anticipated that the draft guidance will be updated to reflect the success, or otherwise, of this pilot scheme, the results of which are anticipated in the spring.

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