Renegotiating PPP/PFI Projects to Achieve Better Value for Money – An Update

30 June 2011

As the Chancellor has repeatedly made clear, the Government is determined to press ahead rapidly with its plans for all PPP/PFI contracts to be renegotiated, which in turn puts pressure on both public sector bodies and their private sector partners to get up to speed with this process. Having built up considerable expertise through the renegotiation of major private sector service contracts, the Government is starting to test the same techniques on a number of PPP/PFI pilot projects. The plan is then to codify the lessons learned into a voluntary code, which the Government will strongly encourage the private sector to comply with.

This timely conference is being held at a time when the lessons from a number of pilot studies will be known, including the Queen's Hospital, Romford pilot study and the pilot studies that the MoD is working on - The Corsham Development, the MoD Headquarters Building and the Defence Sixth Form College. Infrastructure UK will also have developed its revised guidance incorporating the lessons from them. We are delighted that Adrian Kamellard, Contract Renegotiation Team Leader, Efficiency and Reform Group at the Cabinet Office, a senior speaker from Infrastructure UK and Andy Baker, Head of Private Finance Unit, Ministry of Defence will expand on the lessons that have been learned so far in renegotiating contracts across a range of government projects.

The programme has been designed to be highly practical, the focus being on how public sector bodies and their private sector partners can work together to achieve real cost savings without eroding either service quality or value for money. Topics covered will include:

  • Lessons from the Queen's Hospital, Romford pilot study
  • Lessons from the MoD's renegotiation pilot studies
  • Infrastructure UK's revised guidance on contract renegotiations and progress towards a voluntary code
  • Guidance on how local government organisations can work together to renegotiate contracts on a portfolio basis
  • An analysis of how to ensure that changes made to PPP/PFI contracts during contract renegotiations represent value for money

Attendance at this timely conference will be invaluable for all those in the public and private sectors with responsibility for renegotiating PPP/PFI contracts, as well as their professional advisers.

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