This note is the fourth in a series of Technical Notes to be issued by the Treasury Taskforce providing practical guidance on key technical issues which arise from the implementation of the Private Finance Initiative (PFI). Each note focuses on a specific area of the procurement process where experience has shown that project managers and other interested parties would value assistance.
Ref: UK Treasury Taskforce Technical Note 4
Tupe protects employees’ rights on business transfers in the UK. Tupe itself is based on the Acquired Rights Directive. As a result, its application is influenced not only by UK case law but also by decisions of the ECJ. This guide summarises when Tupe applies and its consequences for both employer and employee.
Ref: England and Wales - article on Transfer of Undertakings Regulations
Agreement Synopsis, Context and Review
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Sector: |
Transport |
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Name of Agreement: |
The Design, Build and Finance of a new motorway and improvements to an urban highway and the Operation and Maintenance of both, under a Public Private Partnership Agreement |
Standardisation of PF2 Contracts (SoPC) (December 2012)
This version of standard wording and guidance is to be used by public sector bodies when drafting PF2 contracts. It reflects the new model of contracting for projects for the delivery of infrastructure and services using public private partnerships and replaces “Standardisation of PFI Contracts” (Version 4 issued in March 2007).
The Efficiency and Reform Group (ERG) in the Cabinet Office leads on Government procurement policy. The guidance provided on this page is complementary to this and is specific to PFI/PPP arrangements.
This guidance looks at a number of aspects of project governance. The intention is not to set out a rigid template but to provide a framework for Authorities to think through the issues and how best to resolve them.
Application note: interest and inflation risk
This application note has been designed to help Authorities understand and evaluate cost effective strategies for managing interest rate and inflation risks in PPP transactions.
HM Treasury finance director letter - draft IFRS accounting standard for PFI
The FD letter introduces a discussion paper on accounting for PPP arrangements, including PFI contracts, under IFRS.
These documents provide the framework for the justification for using private finance, and this does not compensate for the economic case for the investment decision.
The Green Book sets out a framework for the appraisal and evaluation of all policies, programmes and projects.