Region: Europe and Central Asia
Country: United Kingdom
Keywords: PPP Project Cycle, Contractual Provisions, Legal Framework, Parties, Procurement, Preparation, Implementation, PPP Options, Concession, Joint Venture, Implementation, Monitoring, Award, Tender process, Termination, Penalties
HM Treasury have issued a new policy document and new contract standardisation guidance for PF2 as follows:
(a) “A New Approach to Public Private Partnerships” (“PF2 Policy”) (http://www.hmtreasury.gov.uk/infrastructure_ppp_contractual.htm) and
(b) “Standardisation of PF2 Contracts” (“PF2 Guidance”) ((http://www.hmtreasury.gov.uk/infrastructure_ppp_contractual.htm).
PF2 Guidance replaces the old PFI guidance named “Standardisation of PFI Contracts Version 4” which was issued in March 2007 (“SoPC 4”).
The purpose of this User Guide is to assist practitioners to identify how the new PF2 Policy has been translated into PF2 Guidance and to show how the new PF2 Guidance differs from the old SoPC4.
Tracking Number: PF2UserGuide_2012_English
Updated: October 25, 2021