HM Treasury

Public private partnerships

Additional guidance

This section includes further guidance issued by or on behalf of the Treasury, covering a variety of areas including:

PFI guidance

Section 1 - Value for Money Guidance
1.1 - Value for Money Assessment Guidance 
1.2 - Value for Money Quantitative Assessment Guide 
Section 2 - Operational Taskforce Guidance
2.1 - Operational Taskforce Note 1: Benchmarking and Market Testing Guidance
2.2 - Operational Taskforce Note 2: Procurement to Service Delivery Guidance
2.3 - Operational Taskforce Note 3: Variations Protocol for Operational Projects
Section 3 - Finance Guidance
3.1 - Application note: interest-rate and inflation risks in PFI contracts
3.2 - Guidance Note: The Use of Internal Rates of Return in PFI Projects
3.3 - Preferred Bidder Debt Funding Competitions
3.3.1 - Preferred Bidder Debt Funding Competitions - letter
3.3.2 - Preferred Bidder Debt Funding Competitions - draft outline guidance for feedback
3.4 - Refinancing
3.4.1 - Refinancing of Early PFI Transactions - Code of Conduct
3.4.2 - Guidance Note: Calculation of the Authority's Share of a Refinancing Gain
3.4.3 - Covering Note: Value for Money in Refinancings
3.4.4 - Application Note:Value for Money in Refinancings
3.4.5 - Letter to Private Finance Units: Impact of current funding markets on in-procurement PFI transactions
3.4.6 - Covering Note: SoPC 4 Addendum October 2008 - Amended Refinancing Provisions
3.4.7 - SoPC 4 Addendum October 2008 - Amended Refinancing Provisions
3.5 - Spens Clause
3.5.1 - Guidance on application of the Spens clause to PFI transactions- covering letter
3.5.2 - Guidance on application of the Spens clause to PFI transaction
3.6 - Credit Guarantee Finance
3.6.1 - Credit Guarantee Finance Technical Note 1
3.6.2 - Standard public sector PFI/PPP loan facility term sheet
3.6.3 - Indicative guarantee facilities term sheet for PFI/PPP projects
3.6.4 - Draft form of the guarantee for banks and/or financial institutions
3.6.5 - Draft form of the guarantee for monoline insurers
3.6.6 - Commentary on the standard public sector PFI/PPP loan facility term sheet and the indicative guarantee facilities term sheet
3.6.7 - Draft form of the letter of clarification to be issued by the relevant Public Sector Finance Provider in respect of each CGF-funded PFI/PPP Project
3.7 Financial Markets Dislocation Guidance
3.7.1 - Application Note - PPP Projects in Current Market Conditions
Section 4 - Treasury Taskforce Technical Notes
4.1 - Technical Note 1: How to Account for PFI Transactions
4.2 - Technical Note 3: How to Appoint and Manage Advisers to PFI Projects
4.3 - Technical Note 4: How to Appoint and Work with a Preferred Bidder
4.4 - Technical Note 6: How to Manage the Delivery of Long Term PFI Contracts
4.5 - Technical Note 7: How to Achieve Design Quality in PFI Projects

General guidance

Section 5 - General Guidance
5.1 - Opinion Letters
5.2 - Project Governance Guidance - draft guidance for feedback
5.3 - HM Treasury finance director letter - draft IFRS accounting standard for PFI
5.4 - OGC/HMT joint guidance on using the Competitive Dialogue procedure
5.5 - Draft Joint Venture Guidance: a guidance note for public sector bodies forming Joint Ventures with the private sector

Public Private Partnerships / Private Finance Initiative index

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