Operational PFI contracts – problems, pitfalls and their solution
Courses Background:
COURSE BACKGROUND
• This 1 DAY COURSE, recently revised, specifically targets those in the public sector who have involvement in the administration or management of PFI contracts. It is essential that those with responsibility for PFI operational projects have an understanding of their mechanics, key contractual requirements of the project agreement, requirements for effective contract management and awareness of the issues arising throughout the operational phase
Speakers:
No Speakers Currently Listed
Public Course Delegate Rate:
£280 plus VAT
Course Duration:
1 day
To view the complete list of course content for the training course "Operational PFI contracts – problems, pitfalls and their solution" which is running on the dates shown above, please click on the link below.
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Course Content:
INTRODUCTION TO PFI
• The origins of PFI and its future as a procurement vehicle within the UK. Consideration of other structures including PPP, LIFT, BSF and Urban Regeneration Vehicles. Understanding typical Project Finance structures. Consideration of the different parties and contracts within PFI.
UNDERSTANDING THE PROJECT AGREEMENT
• Overview of a typical Project Agreement. Exploring the key provisions relevant to the Operational Phase. Understanding what the SPV is contractually obliged to provide. Issues and complaints arising post Practical Completion.
OPERATIONAL ISSUES
• Instructing Changes and securing Best Value. Change Protocols. Reassessing Needs. Benchmarking and Market Testing. Best Value Reviews. Relief, Delay and Compensation Events. Maintenance. Insurance. The Lifecycle Fund. Breaches of Contract. Changes in law. Termination. Securing Changes at no cost.
PERFORMANCE MONITORING AND PAYMENT MECHANISMS
• Understanding performance based contracts. Overview of a typical Payment Mechanism. The Financial Model. Performance Monitoring and Authority safeguards. Payment and Deductions. Securing Rebates. Unavailability and Service Failures
DISPUTES
• An overview of UK dispute processes. Why things go wrong in PFI. Review of typical Dispute Resolution Procedures. Equivalent Project Relief. Understanding the SPV mindset. Achieving a successful outcome.
CONTRACT MANAGEMENT
• The need for effective Contract Management. Contract administration. The Management Team. Managing Relationships. The Operational manual. Maximising Value for Money. Securing Improved Performance at No Cost. Sources of Help.
CASE STUDIES
• A look at real life issues that have arisen within the Operational Phase and how they were addressed.
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