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TREASURY ISSUES PFI GUIDANCE

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The Treasury has issued new procurement guidelines for private finance initiative projects. The latest guidelines a...
The Treasury has issued new procurement guidelines for private finance initiative projects. The latest guidelines are an attempt to address the concerns of the construction industry about implementation of the PFI.

Key messages are that quality and viability of projects should be considered in detail before testing the market and that clear client briefs should be developed at the outset.

It also says there should be greater sensitivity to the costs to the private sector in tendering for projects, with no more than four tenders invited, clear timetables set out and effective feedback mechanisms.

'The government is determined to sharpen up PFI,' said construction minister Robert Jones, welcoming the guidance.

'We are actively considering other measures to accelerate progress further.'
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