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This page contains links to PFI Guidance documents. Some of these documents are available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website .
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
Treasury Taskforce Guidance
Technical notes published by the Treasury taskforce are still valid.
Opinion Letters (PDF file) (13Kb)
This OGC note explains why Government departments should not in future, as a matter of general policy, issue "opinion letters" on the powers of a particular department or authority to enter into a contract (usually a PFI contract) or on the authority of a particular official to sign the contract.
Project Review Group (PRG)
The Project Review Group oversees the approval process for local authority PFI projects that receive Government support. It is the gatekeeper for the delivery of PFI credit funding to the local authority PFI programme.
Refinancing of Early PFI Transactions - Code of Conduct (PDF file)
This Code of Conduct sets out the basis upon which individual Authorities will approach the refinancing by private sector contractors of early PFI transactions. It is a voluntary Code to enable private sector contractors to share refinancing gain with the public sector on a consistent and equitable basis.
Guidance Note on Refinancing (PDF file) (12Kb)
The OGC Guidance on Standardisation of PFI Contracts (Section 35.8, the model clause at footnote 13) requires that the Contract set out a methodology for agreeing the discount rate to be used in calculating Refinancing Gains. This Guidance Note is therefore intended to assist Authorities and their financial advisers in performing this calculation.
Guidance on Certain Financing Issues (PDF file) (136Kb)
In PFI projects, responsibility for raising finance clearly rests with the private sector Contractor. However, the terms on which finance is available are of key concern to an Authority because of the impact they have on value for money. To assist departments and other public authorities deal with some of these complex issues, the above guidance has been prepared on three important aspects of finance:
OGC Guidance on Insurance Issues (PDF file) (21Kb)
OGC Business and Operational Guidance.
PFI Contracts: Insurance Costs.
Public Private Partnerships / Private Finance Initiative index