UK:
Voluntary "Code Of Conduct" For PFI/PPP –A Common-Sense Approach?
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Summary and implications
The Government has recently introduced a "best
practice" guide for parties from the public and private
sectors involved in operational PFIs and PPPs, in a bid to make
further savings in infrastructure projects.
With the primary aim of encouraging public and private sector
partners to work together to improve efficiency and reduce costs,
it is anticipated that the code will receive widespread
support.
However, there is no obligation for parties to sign up to the
code of conduct, and only time will tell whether agreeing on a
voluntary basis is going to be enough to deliver the desired
improvements in efficiency and savings.
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The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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