on the Standardisation of PFI Contracts. This is the 3rd edition of
this key text. Its publication represents important progress towards
greater standardisation across the PFI market.
The letter sets out how SoPC 3 will be rigorously enforced, spreading
best practice and further improving PFI procurement across the public
sector. This process will help achieve further reductions in the
length and cost of the procurement process, delivering greater Value
for Money for the tax-payer.
1. Standardisation of PFI Contracts includes guidance on
drafting PFI contracts and standard clauses which need to be included
within them. The first edition of SoPC was published in July 1999
and it was updated in September 2002.
2. Practitioners will need to be aware that SoPC will no longer be
published through Butterworths; SoPC 3 is available here.