Region: Europe and Central Asia
Country: United Kingdom
Keywords: Contractual Provisions, Contract, Legal issues, Financing, Sample drafting, Sample wording, Sample drafting, Model contract, Key drafting issues
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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.
The effective implementation of PBDFC is now being evaluated on pilot projects supported by Departmental PFUs. It is planned to develop and issue detailed guidance informed by experiences on these projects and from feedback from the stakeholders in this process (procuring Authorities, Departmental Private Finance Unit (PFUs) and PFI practitioners) on their experiences in applying this guidance. Until the detailed guidance is issued, Authorities should treat this draft outline guidance as best practice. Detailed guidance will also be subject to a feedback process in due course.
Tracking Number: PREFERRED BIDDER DEBT FUNDING Draft Outline Guidance Feedback_2006_EN
Updated: October 25, 2021