In 1992 many countries joined an international treaty, the 1992 United Nations Framework Convention on Climate Change (UNFCC) , as a framework for international cooperation to combat climate change by limiting average global temperature increases and the resulting climate change, and coping with impacts that were, by then, inevitable. After ratification of the UNFCCC treaty, Parties to the UNFCCC have met at conferences to discuss how to achieve the treaty's aims.

The purpose of this outline guidance is to introduce best practice in running privately led but publicly overseen Debt Funding Competitions after the selection of a Preferred Bidder for PFI projects. We refer to this process throughout this guidance as PBDFC.

Tracking Number: GuidanceNotePFIContracts_Undated_EN