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BAM PPP business restructures
The group’s infrastructure investment operation is changing its name to Invesis, reflecting a change in ownership and the broadening of its interests.
Looking ahead: what happens when PFI contracts end?
Many public sector bodies risk underestimating the time, resources and complexity involved in managing the end of PFI contracts.
Derwent FM team in Irish win
Torc Housing Partnership has been selected as preferred tenderer for the second phase of the Irish government's social housing PPP programme, covering design through to ongoing service delivery.
ENGIE team closes major Canadian DBFO
The team has achieved financial close on the 33-year public-private partnership contract with Library and Archives Canada to design, build, finance, maintain and operate a new preservation facility.
ENGIE in billion-pound Portsmouth deal
ENGIE has secured a long-term contract to provide total facilities management at Portsmouth Hospitals NHS Trust's Queen Alexandra Hospital in Cosham.
Think-tank takes on PFI
The Private Finance Initiative has been a controversial policy virtually from the day it was introduced in the early '90s. Nowhere has this been more so than in the UK health sector and one group has been looking at alternative strategies.
ISS signs 12-year deal in Halifax
The facilities services group has secured a landmark extension to its Private Finance Initiative contract at the Calderdale Royal Hospital.
Another Carillion loose end tied up
Eight months after the collapse of the construction and services group, a way forward has finally been agreed for the stalled new-build Midland Metropolitan Hospital in Smethwick.
Trust takes on board Carillion staff
Tees, Esk and Wear Valleys NHS Foundation Trust has moved 23 former Carillion employees into a recently created wholly-owned services business.
Keane leaves IFMA
Tony Keane, president and CEO for the past nine years of the International Facility Management Association, has left the organisation which, its board says, continues to pursue "a bold strategic agenda".
Blue light call-out for Eric Wright FM
Preston-based Eric Wright Facilities Management has been awarded an 18-year contract to service 16 PFI fire stations across the North West.
Sodexo team seals Irish PPP deal
The Irish government has signed a key new public-private partnership contract with the Eriugena consortium, which will see two new buildings delivered for the Dublin Institute of Technology.
Mears shifts Highlands PPP deal towards savings
The contractor has struck a deal with Highland Council that it says will save millions of pounds over the life of a long-term contract, with no compromise on TFM service quality.
Serco preferred for long-term prison deal
The support services group has been named preferred bidder to operate the New Grafton Correctional Centre in New South Wales, Australia.
Amey's Tube maintenance deal headed in-house
For the past 13 years Amey has been contracted to manage maintenance work across three lines, the Jubilee, Northern and Piccadilly. At the end of next year, that will come to an end.
Robertson in 25-year school deal
Robertson FM has been named preferred bidder for a 25-year contract to supply facilities management services at the Aberdeen South of the City High School.
Carillion jv achieves financial close on Irish schools contract
The joint venture team is now ready to move ahead on the Irish Schools Bundle 5 Public Private Partnership project, which has an estimated value to Carillion of £190m.
BAM signs for emergency services centre
BAM Deutschland has won a long-term PPP contract to deliver a new Fire and Rescue Services Centre in Leverkusen, north of Cologne.
Bellrock buys PFI contract portfolio
The FM services provider has acquired four contracts that support PFI schools and specialist healthcare facilities at five locations in Scotland and northern England.
Eric Wright FM moves into Stoke
With building work completed on the first of three multi-million pound PFI retirement living sites in Stoke-on-Trent, consortium partner Eric Wright will launch its 25-year FM services contract.
BAM closes Irish courts PPP contract
Ireland's National Development Finance Agency has confirmed the contract award and the start of construction to deliver courthouse facilities in seven locations around the country.
Carillion closes on Midland Metropolitan contract
The Hospital Company (Sandwell) Limited, a Carillion joint venture, has achieved financial close on the Midland Metropolitan Hospital Public Private Partnership project in Birmingham.
Vinci Facilities star wins RICS award
A rising star at Vinci Facilities has helped the service provider win the RICS Young Surveyor of the Year Award in the FM category for a second consecutive year.
Cumberland Infirmary battles 'major flaws' in PFI deal
North Cumbria University Hospitals NHS Trust has taken the unusual step of issuing a lengthy and forthright statement setting out its strategy for rectifying serious problems with fire safety at Cumberland Infirmary, one of the UK's first PFI schemes.
Balfour Beatty team scoops Irish PPP
Ireland is to benefit from 14 new primary care centres following the selection of a preferred bidder for the country's first healthcare PPP project.
Bouygues team closes on new hospital
A Bouygues Energies & Services team has reached financial close on the Royal Hospital for Sick Children and Department of Clinical Neurosciences in Edinburgh.
Financial close for Interserve schools
Interserve and its joint venture partner Kajima have reached financial close on a contract to design, build and maintain seven secondary schools in southeast England.
Skanska seals Papworth deal
Skanska has signed a contract to deliver the New Papworth Hospital in Cambridge, a 40,000 sqm development providing 300 beds.
Oz court deal brings out the heavyweights
Six teams are in the running for a major law courts development project in the Australian capital of Canberra, the first public-private partnership deal in the area.
Financial close for Stoke PFI deal
The Stoke Extra Care Housing PFI project is set to get underway as contracts were signed between Sapphire Extra Care Limited and Stoke-on-Trent City Council.
Goodbye PFI
Northumbria Healthcare NHS Foundation Trust is set to become the first in the NHS to buy itself out of a long-term PFI deal.
Balfour Beatty makes £51m on PPP sale
Balfour Beatty has sold stakes in two PPP projects, making a tidy profit on the deals.
Balfour Beatty closes on Canadian PPP hospital
Balfour Beatty has reached financial close on the £196m BC Children's & BC Women's Redevelopment Project in British Columbia.
Kier adds to PFI portfolio
Kier Group is now the 100% owner of Justice Support Services (Norfolk and Suffolk) Holdings Limited, having bought out its co-owner.
Interserve Kajima in schools deal
The Education Funding Agency has named an Interserve Kajima joint venture as selected bidder for the first PF2 batch of the government's Priority School Building Programme.
Two sell PPP stakes
The investment group HICL Infrastructure Company has bought stakes in PPP projects from Carillion and Vinci.
Treasury targets PFI costs
Plans have been announced to deliver £1.5bn in savings across the 495 operational Private Finance Initiative schemes in England.
Stoke names Eric Wright consortium
Stoke-on-Trent Council has selected Sapphire, an Eric Wright-led consortium, to build, finance and operate 390 extra-care apartments in the biggest scheme of its kind for the city.
Carillion seals Royal Liverpool deal
Financial close has been achieved on the £335m Royal Liverpool University Hospital PPP project.
Kier closes on London fire contract
Blue 3, the Kier-led consortium, has reached financial close on a £70m deal to design, build and maintain nine new community fire stations in southeast and east London on behalf of London Fire Brigade.
Balfour Beatty sells Salford stake
The infrastructure group has sold its 50% interest in the Salford Hospital PFI for £22m.
New guidance on PPP cost cutting
The government has launched a new 'best practice' guide for the private and public sector to make savings in existing contracts for schools, hospitals and other public infrastructure projects.
Liverpool books Cofely for FM
Cofely has kicked off a 25-year deal to deliver a total facilities management solution for the new Liverpool Central Library and Archive.
Carillion scoops Liverpool PPP deal
Carillion has been selected by the Royal Liverpool and Broadgreen University Hospitals Trust to deliver the new Royal Liverpool University Hospital Public Private Partnership project.
Balfour Beatty in PFI sale
Balfour Beatty has boosted its financial position with the sale of two PFI investments.
Carillion sells Northwood stake
Investment group HICL Infrastructure Company has acquired a 50% equity stake in the Northwood MoD HQ PFI Project following a £30.6 million payment to Carillion.
PF2: very much as predicted
Details of the revised PFI programme confirmed in yesterday's Autumn Statement were, not surprisingly, right in line with information circulating in the marketplace for days beforehand.
PFI gets a makeover
Details of the long-awaited 'son of PFI' were circulating widely on Tuesday ahead of today's Autumn Statement from Chancellor George Osborne.
Kier sells PFI stakes
Kier Group has completed the sale of its interests in two Private Finance Initiative projects for a combined £5.4m.
Interserve in £90m PFI sale
The support services and construction group has sold its interests in two PFI subsidiaries to the Dalmore Capital Fund for £89.5m.
Green light for Blue Light PFI deal
The Blue Light Partnership has achieved financial close on a multi-million pound PFI contract with Avon and Somerset Police Authority.
Kier confirms details of Blue3 win
Kier will provide hard and soft facilities management, as well as community support services, with a total value of more than £17m as a part of a PFI deal with Stoke-on-Trent and Staffordshire Fire Authority.
BIFM names new Fellows
At last week's annual general meeting, the Institute confirmed the induction of two new Honorary Fellows and three new Fellows.
When payment drives performance
A new white paper from Service Works Group offers guidance on implementing payment mechanisms in Public Private Partnership and Private Finance Initiative projects.
Interserve sells UCH stake
The support services and construction group is to sell a part of its holding in the University College London Hospitals PFI project, generating £35m in cash.
Kier on fire: wins again
Blue3, the Kier-led consortium, has been named preferred bidder to design, rebuild and maintain 11 fire stations on behalf of the Staffordshire Fire and Rescue Service.
Interserve closes police deal
An Interserve-led consortium has reached financial close with West Yorkshire Police Authority and West Yorkshire Police on a £150m PFI contract.
Interserve preferred bidder at Alder Hey
The support services and construction group has been confirmed as front-runner to provide facilities management services at the new Alder Hey children's hospital to be built in Liverpool.
Skanska closes on Essex school deal
Essex County Council has reached financial close with Skanska and partners for the financing, design, construction and operation of the new Woodlands School.
Interserve preferred for Yorkshire PFI
An Interserve-led consortium has been appointed preferred bidder by West Yorkshire Police Authority and West Yorkshire Police on a £150m PFI deal.
Blue light for London fire job
The Blue3 consortium has been appointed to design, build, finance and maintain nine stations for the London Fire Brigade.
Public sector paying too much for PFIs
PFI has delivered a wide range of projects, but a new report from the National Audit Office concludes that the public sector is paying more than it should for equity investment in many of them.
Good data critical to PFI success
The quality of information shared, combined with a commitment to ensuring the transparency and auditability of contracts, is fundamental to the success of PFI partnership, according to a new white paper.
Green light for Blue Light deal
Avon and Somerset Police Authority has received Treasury approval to appoint the Blue Light Partnership on a £129m PFI contract.
MPs criticise PFI plans
The Treasury Select Committee has reacted to the government's proposed changes to the Private Finance Initiative, highlighting in particular concerns about project funding.
Skanska joins PPP sell-off
The construction to FM group is the latest company to reap some of the cash benefit from its investment in public/private development projects.
Interserve helping Yorkshire Police
An Interserve-led consortium is expected to be named preferred bidder very soon for the West Yorkshire Police PFI project.
Kier sells interest in two PFIs
Kier Group has completed the sale of its 50% interests in two Private Finance Initiative projects.
Vinci to deliver FM for Queen Elizabeth
Vinci Facilities has landed a 20-year contract to provide hard FM services to the Queen Elizabeth Hospital PFI in Woolwich, London.
Lend Lease sells three PPPs
The construction to services business has sold its equity holdings in three operational UK healthcare and education Public Private Partnership schemes.
Bilfinger to sell 19 PPPs
Construction to services group Bilfinger Berger is planning to launch a publicly listed fund in which it will place up to 19 public-private partnership projects from its current portfolio of 30.
Second committee questions PFI value
PFI looks like a better deal for the private sector than for the taxpayer, according to the latest report from the Commons Public Accounts Committee.
CBI makes new case for private finance
The employers' organisation argues that whilst the government needs to act on lessons learned from PFI experience, it should also recognise that private finance 'must' play a role in delivering new roads, hospitals and schools.
MPs challenge PFI value
Not for the first time in its history, the Private Finance Initiative has come in for strong criticism, this time by the Treasury Select Committee in a report that declares taxpayers are not getting good value for money.
Carillion closes Canadian hospital PPP
Hospital Infrastructure Partners, the Carillion-led consortium, has achieved financial close on the contract to deliver the new £1.3bn Oakville Hospital scheme.
Second PFI down to final two bidders
Hard on the heels of the news that Papworth Hospital has reached its final shortlist comes confirmation of the same landmark at the new Royal Liverpool University Hospital.
Treasury to turn the screws on PFI contracts
The government intends to deliver at least £1.5bn in savings across the 495 operational Private Finance Initiative projects in England, recycling the money back into frontline services by the contracting authorities.
Papworth two named
The shortlist of competitors vying to provide design, build, finance and maintain services for the New Papworth Hospital has been narrowed down to the last two.
More secondary market deals for PFI
HICL, the listed infrastructure investment company, has extended its stakes in three projects and bought into a fourth.
Strange bedfellows?
FMs spend a lot of time arguing the benefits of breaking down the silos that prevent a coherent approach to delivering facilities services; but, one layer up, corporate organisations are plagued with the same problem.
Financial close in Halton for Hochtief
A Hochtief-led consortium has achieved financial close with Halton Borough Council to design, build, finance and operate two secondary schools under the Building Schools for the Future programme.
HM Treasury 'in the dark' over PFI profits
As two parliamentary committees begin separate reviews of the past, present and future of PFI, the Treasury is being accused of having inadequate information about 'excessive' PFI profits.
Canadian healthcare market busy
A joint venture led by contractor Laing O'Rourke has reached financial close on one of the largest healthcare projects in the world today.
Carillion jv lands major Canadian deal
A Carillion joint venture, Hospital Infrastructure Partners, has been named preferred bidder to finance, design, build and maintain the new replacement Oakville Hospital in Ontario.
Schools PFI lives on
The Labour government's Building Schools for the Future programme may be dead, but there appears to be plenty of life in the concept of using private finance to deliver school facilities.
HICL back with another PFI buy
HICL Infrastructure Company Limited has paid £4.6m for a 75% interest in the Brentwood Community Hospital PFI project from Kajima Partnerships.
Kier sells a pair of PFIs
The construction to facilities group has sold its 50% stakes in two Private Finance Initiative projects for a total of £9.2m.
Halton to go ahead with BSF deal
The Building Schools for the Future programme may be dead, but there are still flickers of life in the contracts landscape.
Carillion closes in Nottingham
Inspiredspaces, the Carillion schools delivery group, has reached financial close with Nottingham City Council on a £12.1m PPP project.
Balfour Beatty in £48m rescue deal
The infrastructure group has reached financial close for the North West Fire and Rescue Services PPP scheme.
Treasury goes looking for PFI savings
The Treasury has launched a pilot project to identify the scope for achieving savings in operational Private Finance Initiative contracts.
Green light for Gloucestershire fire stations
Gloucestershire County Council has been given the all-clear for a PFI-funded project that will see four new community fire stations built.
Vinci seals Welsh schools deal
Vinci Facilities has sealed the contract for the delivery of FM services to the Garth Olwg School Campus under the Rhondda Cynon Taff PFI scheme.
Costain team seals Lewisham deal
A Costain/Babcock consortium has reached financial close on the fourth phase of Lewisham Council's multi-million pound Building Schools for the Future programme.
Carillion takes more cash in PPP sale
In what might be a new year-end tradition, the services to construction group has sold a further slice of its equity investment in the huge Allenby Connaught MoD accommodation project.
Rocky road to PFI success in Liverpool
One of the few, and quite probably one of the last, big healthcare PFI schemes in the country has been stalled by legal action.
Lancashire Trust in groundbreaking jv
Lancashire Care NHS Foundation Trust has teamed up with private sector development specialist Ryhurst to form an independent company that will provide and operate new facilities.
Three shortlisted for new Papworth Hospital
Three consortia have been shortlisted to work with Papworth, the UK's largest specialist cardiothoracic hospital, as plans are developed to relocate onto the Cambridge Biomedical Campus.
Barts seeks FM diagnosis
The Barts and London NHS Trust, in the midst of a massive PFI redevelopment, is looking for specialists to advise on its FM regime.
Ecovert takes over hospital site
Ecovert FM has kicked off its 32-year contract delivering mechanical, electrical and building fabric maintenance services to the new Broomfield Hospital in Essex.
Warning sounded on NHS PFI costs
The NHS in England faces a total bill of £65bn for new hospitals built under the Private Finance Initiative, figures obtained by the BBC indicate.
Morrison preferred for 10 year deal
The public sector specialist has been selected as preferred bidder by North Lanarkshire Council for the provision of housing and property maintenance services.
Serco trials robots at new hospital
A fleet of robot transporters is under trial as Serco kicks off its FM contract at the new Forth Valley Royal Hospital, the largest NHS construction project ever built in Scotland and one of the most modern and well-equipped hospitals in Europe.
Watchdog warns on PFI financing
The National Audit Office has praised last year’s Treasury intervention in PFI project financing but warned that it may not represent good value for money in the long-term.
Ecovert takes over at Middlesex hospital
Ecovert FM has begun service delivery to the newly built and refurbished North Middlesex University Hospital.
Cofely named for Liverpool library
With the contract now signed, the redevelopment of Liverpool Central Library is finally set to get underway in one of the largest such projects in the UK.
Liverpool names new shortlist
One of the few big healthcare PFI deals still up for grabs has moved forward another step, with the narrowing of the shortlist to three.
Prison for Serco
A Serco Group consortium has signed a contract with the Ministry of Justice to provide and operate a new prison at Belmarsh West, London.
Carillion sells hospital investment
Carillion has sold its investment in the Queen Alexandra Hospital PPP, in Portsmouth, to HSBC Infrastructure Company.
Watchdog fires a shot at PFI in housing
Having recently sounded a warning about the future management of healthcare PFI contracts, the National Audit Office is back with concerns about long-term deals on housing schemes.
Carillion opens the door to CSI Toronto
A joint venture, Carillion Secure Solutions, has been selected to design, build, finance and maintain the new Forensic Services and Coroner's Complex in Canada’s largest city.
Cautious seal of approval for PFI ops contracts
The National Audit Office has declared that most PFI hospital contracts are well-managed and achieving the value for money expected when they were signed. But it warns there are risks over the long-term.
First preferred bidder named for new Scotland model
The Scottish government’s alternative approach to PFI/PPP programmes has seen its first preferred bidder named, for a project that will encompass a range of public facilities.
Industry calls for clarity on cuts
The Construction Products Association has called for urgent clarification of where spending cuts will hit following last week’s announcement of government plans for billions of pounds worth of savings.
VT lands Surrey extension
The support services group has signed an agreement with Surrey County Council to renew a PPP contract for the provision of support services to over 400 schools.
Mounties get their man, and it's Ecovert
Ecovert's Canadian business, ETDE FM, has reached financial close on the Green Timbers Accommodation Partners PPP which will provide a new divisional headquarters for the Royal Canadian Mounted Police.
PFI hospitals are better places, research finds
A new study concludes that PFI hospitals are cleaner and offer better patient environments than conventionally procured hospitals.
BAM lands Camden schools deal
BAM PPP has emerged as the winner in the two-way race to secure the London Borough of Camden's Building Schools for the Future contract.
London kills off Tubelines PPP
A symbol of the heady early days of Public Private Partnership deals, one of the biggest is set to come to an end as Transport for London buys out the private sector shareholders.
Balfour Beatty sells stakes in two PPPs
The time was right to exchange its investments for cash, the infrastructure group says.
Hochtief lands first North American PPP contract
Hochtief PPP Solutions has been commissioned to design, finance, build and maintain ten schools in Canada‘s Alberta province.
Kier team scoops fire station project
Blue 3, a Kier-led consortium, has been named preferred bidder to design, build and maintain four new community fire stations and a life skills centre in Gloucestershire.
Alder Hey PFI shortlist confirmed
The two contenders to deliver the country's first children's health park have been named.
PFI healthcare makes a comeback
It may not be quite the good old days when this was a major market for construction companies and FM providers alike, but there is some life left in it still.
HMRC PFI deal bashed again
Criticism of the HM Revenue and Customs property outsourcing deal, first put in place in 2001, is almost as regular as those tax reminders that seem to turn up rather too often.
Balfour Beatty fired up about north west decision
North West Fire and Rescue Services has named the infrastructure group as its preferred bidder for a 16-site PPP deal.
Laing division takes over hospital FM
John Laing Integrated Services has kicked off a 30-year FM deal following the completion of phase one of Roseberry Park, the redevelopment of the existing St Luke's Hospital site in Middlesbrough.
Regenter takes Kirklees housing PFI
Kirklees Council has named a Regenter consortium as preferred bidder for a 30-site PFI housing contract.
PFI market set for a steady slide
New research predicts that PFI projects reaching financial close will peak this year, then fall off rapidly as we move towards the middle of the decade.
Carillion seals Bristol hospital deal
Financial close has been achieved on the Southmead Hospital PPP project, where a Carillion-led team will handle both construction and FM.
Kier consortium locks up police deal
Justice Support Services, a Kier and Reliance Secure Task Management consortium, has reached financial close on a contract to deliver six new police investigation centres in Norfolk and Suffolk.
Stockton shortlists three for schools
Stockton Council has named the three contenders for its 12-school design, build and maintain contract.
Skanska lands Essex schools contract
Essex County Council has named Skanska as preferred bidder on the first phase of its massive Building Schools for the Future project.
Book closed at Worcester Library
The Worcester Library and History Centre PFI project, where SGP is the facilities management partner, has reached financial close.
COFELY scoops fire station contract
The facilities and energy management provider has signed a long-term contract to provide a range of services to 10 fire stations in Staffordshire.
G4S gets 25 years at Dublin Courts
G4S Integrated Services has kicked off its FM responsibilities at the Criminal Courts of Justice, Dublin, three months ahead of schedule.
Carillion in Canadian healthcare win
The construction to services group has landed the contract to design, build, finance and maintain the next phase of the Centre for Addiction and Mental Health in Toronto.
Kier sells two PFI investments
The contracting group has sold its stakes in the Waltham Forest Schools and Tendring Schools projects to PFI investment specialist Innisfree.
CRC and PFI: who pays the bills?
With the implementation of the Carbon Reduction Commitment looming on the horizon, a new issue has emerged: who is responsible for energy performance in a PFI building?
Carillion preferred for Bristol hospital
North Bristol NHS Trust has confirmed its preferred bidder for the £450m redevelopment of Southmead Hospital.
Carillion takes the cash with PPP sales
The construction to services group has sold part of its equity investment in two major Public Private Partnership projects, Allenby Connaught and New Accommodation, Cheltenham.
Interserve transfers PFIs to its pension scheme
The services, maintenance and building group is to sign over all future interest and dividend income on 13 PFI investments to the Interserve Pension Scheme.
Tories would ditch PFI, Osborne declares
The Private Finance Initiative, launched under a Conservative government and wholeheartedly embraced by Labour, would be replaced with another funding model if the Tories return to power next year.
Shepherd team lands Liverpool library contract
Construction, engineering and management group Shepherd has teamed up with PFI investment group Amber Infrastructure to win one of the biggest library redevelopment projects in the UK.
MoJ shortlists seven for prisons framework
The Ministry of Justice has shortlisted seven consortia for a PFI framework that will ultimately see five new prisons delivered.
Big guns line up for Norfolk waste PFI
Norfolk County Council has shortlisted four contenders for a new PFI waste treatment contract, drawing some familiar names into the running.
Study criticises cost and value in PFI deals
A research study published by Edinburgh University has concluded that PFI hospitals are costing more than they need to and at the same time their support service contracts are delivering poor value for money.
Western Isles looking for schools team
Western Isles Council is seeking expressions of interest from prospective construction and FM contractors for its planned schools redevelopment project.
Derbyshire signs BSF deal
Investment group Equitix is set to move ahead with the first phase of Derbyshire County Council's Building Schools for the Future programme.
Buy Norfolk PFI, says academic
The early landmark PFI deal, Norfolk and Norwich University Hospital Ð no stranger to controversy Ð is in the news again as an economist argues it is too expensive and the government ought to end its long-term contract by buying the facility.
Schools PFI works; FM may be the key
Students in English secondary schools that have been modernised via PFI achieve improved results faster than state sector schools that have been rebuilt traditionally. And the factor making the difference could be facilities management.
PFI contract management criticised
Client-side management skills are inadequate and supply partners are charging too much for changes, according to a review of operational PFI projects by the Public Accounts Committee.
BSF bidding costs cut by 30%
Under new procurement reforms announced by the government bidding costs for Building Schools for the Future projects could be cut by up to 30%.
UCL to train PFI project directors
University College London has signed a contract with 4ps, the local government procurement support body, to deliver the first formal training course specifically designed for directors of PFI and PPP projects.
No impact on PFI from accounting changes
From this year onwards the government will use International Financial Reporting Standards (IFRS) and there has been much debate about what this means for the future of PFI.
School bidding process 'wastes millions'
The Building Schools for the Future programme, which aims to update and modernise every secondary school in England, is woefully inefficient according to a leading schools organisation.
Cost penalty for PFI changes
The latest report form the National Audit Office, the government's spending watchdog, concludes that the cost of making changes under operational PFIs varies considerably and often doesn't add up to value for money.
PFI deal forced into the light
Scotland's Information Commissioner has ruled that NHS Lothian cannot treat its PFI contract for the operation of Edinburgh Royal Infirmary as confidential.
Waking up to a PFI headache?
The annual cost of PFI schemes to the NHS in England is set to increase five fold from £470m to £2.3bn over the next eight years, according to a report from the University of Edinburgh.
Robots join FM service strategy
A new £300m PFI hospital will use robots to transport goods and equipment between wards.
CBI declares PFI a success
The CBI has called on Gordon Brown to resist calls to abandon the Private Finance Initiative and other private sector involvement in public services. Instead, he should champion its success, the employers' group says.
Services contract changed as PFI refinanced
The Edinburgh Royal Infirmary PFI scheme has been refinanced following detailed negotiations between service providers Consort and NHS Lothian.
Leaders need PPP training
Organisations are failing to train leaders to ensure the success of public private partnerships according to a new study.
Local officials not up to PFI challenge
More training is needed, as well as more scrutiny, to ensure the public sector doesn't lose out in PFI projects, especially when they are refinanced.
Most PFI contracts are profitable, finds survey
Over three-quarters of PFI contracts are making money and delivering profits, according to the latest KPMG/Business Services Association survey. Almost 60% of those questioned describe contract performance as 'very good', up 10% over last year.
PFI soft services are working, BSA says
Published today, the 2007 BSA/KPMG survey of operational PFI projects confirms the value of the inclusion of soft services within the PFI contract scope.
PPP is no panacea
PPPs - public private partnerships - continue to be used extensively in the UK and increasingly elsewhere to secure new public sector assets. But a global survey finds problems with unproven systems and late specification changes.
Keir school wins best PFI award
Bexleyheath School has been landed the Best PFI accolade in first ever Education Business Awards.
Soft services in PFI contracts - in or out?
Hard facilities services are a part of every PFI deal: if the contractor doesn't maintain the asset, how much benefit is the contract really delivering? But the benefits may not be so clear when it comes to soft services.
Community fund takes top PFI award
Mill Group's Investors in the Community programme has come top in the ‘most innovative funder' category at the Public Private Finance Awards.
Report questions future of PFI
Professional services firm Deloitte has released a report questioning the future of PFI. The report claims that current PFI structures are unlikely to address the UK's future infrastructure requirements.
Balfour Beatty ups equity stake in Edinburgh PFI
Balfour Beatty has spent £31.6m to increase its share in Consort Healthcare's Edinburgh Royal Infirmary PFI concession, taking its holding from 42.5% to 73.9%.
4Ps announces conference programme
4Ps, the local government public private partnership project delivery specialist, has published the programme for its forthcoming conference, to be held in London January 31st.
RIBA launches campaign for 'smarter PFI'
The Royal Institute of British Architects has launched a consultation process on PFI best practice as part of an ongoing industry campaign to introduce ‘smarter PFI'.
BSA rejects Unison report on PFI
The Business Services Association, the policy forum for major providers of outsourced services, has hit back at claims in a union report that PFI projects represent poor value for money for the taxpayer.
PFI project delays and costs both falling
A survey carried out last month by the Major Contractors Group shows that PFI bid delays and costs are both significantly less than they were when similar research was carried out two years ago.
Gloucestershire advised to pull out of proposed PFI deal
Plans for a 25-year PFI contract could soon be shelved, after council officers advised Gloucestershire County Council to pull out of a waste management deal recently.
Metronet to shed jobs
Metronet Rail, a key player in the London Underground PPP, is planning to cut up to 300 jobs.
PPP a mixed success so far, says LU
Last year's annual report concluded that it was too early to judge the level of success of the Tube PPP. This year judgements have been made - and it is not entirely comfortable reading for the contractors Metronet and Tube Lines.
NAO report on PFI refinancing finds huge gain
The National Audit Office study of Norfolk and Norwich University Hospital NHS Trust, one of the UK's first PFI hospitals, has found that the private sector partner made a gain of £115m by refinancing the deal.
Laing to raise £95m for PFI work
John Laing has launched a rights issue calculated to raise a net £95.3m which will be used in an expanded programme of bidding for and investing in large projects.
PFI and construction high on RICS hit list
The Royal Institution of Chartered Surveyors has issued its response to a third Labour term in government.
RICS backs PFI bid cost refund
The government should pay back costs incurred by firms short-listed for PFI contracts, according to a recent report by the Royal Institution of Chartered Surveyors.
MPs say Tube PPP is failing
The all-party Commons transport committee today claimed the London Tube PPP was costly and had failed to bring any real improvements to the service.
DTI launches consultation on TUPE
Consultation on draft regulations to reform TUPE legislation has been opened by the Department of Trade & Industry and will run for 12 weeks.
NEW PFI database launched
Partnerships UK has launched the first phase of a new database that brings together statistical, operational and financial data of over 600 PFI projects.
Peterborough names three for £64m PFI negotiation
Peterborough City Council will negotiate with three consortia in order to find the best deal for a £64m schools' PFI contract.
NAO calls for caution on PFI refinancing
The National Audit Office has cautioned local authorities to undertake further analysis when refinancing PFI deals that lead to increased private sector debt and higher public sector termination liabilities.
MoD centralises PFI control
The Ministry of Defense, with one of the largest PFI agendas in the government, has established a new Private Finance Unit to oversee all its PFI programmes.
Alfred McAlpine in £5.6m PFI sale
Alfred McAlpine has sold its shareholding in Mercia Healthcare to the Secondary Market Infrastructure Fund for £5.6m.
Kier and Interserve sell PFI stakes
Kier and Interserve have sold their equity stakes in the Neath Port Talbot Hospital PFI concession, both reaping substantial profits.
Major contractors warn on PFI delays
The Major Contractors Group has called on the government to take action on the delay which, it says, is increasingly plaguing PFI schemes.
Deal will lead to end of two-tier workforce
In what the Transport and General Workers' Union hails as a 'historic' decision, the government has agreed to end discrepancies in employment terms that can arise in PFI contracts.
MoD selects top of the line Herman Miller chairs
Amidst weekend reports of proposed budget cuts and job losses, it has emerged that the Ministry of Defence recently bought more than 3000 Aeron chairs for its London offices.
Is PFI bad for FM?
The answer is yes, where facilities management is tacked on to the bid as a 'make weight' without adequate funds to cover real costs.
Time to reform PFI, NHS group says
The private finance initiative in the NHS must be reformed if we are to realise its full benefits for patients, according to a new NHS Confederation report.
Questions remain over Tube PPP, NAO says
A new National Audit Office report notes that there was 'limited assurance' that the price of the three Tube PPPs was reasonable, as well as 'some uncertainty' about the eventual price.
Scotland's PPP bill: £25bn so far
Scotland's commitment to PPP contracts means it will pay at least £25bn to private consortia over the next 25 to 30 years, according to a study by the Sunday Herald newspaper.
Skanska signs £36m London school PFI
The contract is to design, build, operate and maintain two secondary schools in Bexley, in South East London. Keir Support Services will take on the 25-year FM role, according to a Skanska spokesperson this morning.
Financial close for Exeter schools PFI
Mowlem and Innisfree have signed a £315m, 30-year contract with Devon County Council to build and service six new schools in Exeter under the Private Finance Initiative.
Think-tank says collaboration will improve PFI
Construction industry think-tank Be has highlighted the team selection process for Private Finance Initiative projects as a particularly weak point of the process.
French PPP market opens up
This spring the French government is due to pass an order authorising government departments and local authorities to enter into 30 year contracts with the private sector to finance capital projects and outsource public services.
Financial close and land sale for Colchester Garrison PFI
The RMPA consortium has finally reached financial close on the project to redevelop Colchester Garrison. The announcement was swiftly followed by news that the consortium has sold 200 acres of former MOD land to Taylor Woodrow for housing development.
ISS Mediclean closes East London hospital deal
ISS Mediclean has reached financial close on its role in the £35m PFI scheme to redevelop Newham General Hospital in east London.
Atkins consortium to finally close £2bn garrison deal
A consortium comprising WS Atkins, Sir Robert McAlpine and Sodexho will close a 35-year deal to redevelop and manage Colchester Garrison within the next week. They have been in discussions since 1997.
Equion signs £35m Newham Hospital deal
Equion the PFI vehicle for John Laing has announced that it has signed a the a £35m redevelopment deal for Newham General Hospital in East London.
Jarvis shares plummet as it admits £12m hit
Jarvis shares fell by 24% yesterday as analysts pointed to new troubles. Issuing a statement, the company said it will suffer a £12m hit in this financial year as a result: the City was not impressed and wiped another 11% from shares this morning.
Sodexho reaches financial close on Havering hospital PFI
Sodexho has announced financial close on the £283m new Romford Hospital project. The company will provide the soft and hard facilities management services for the new 859-bed acute hospital for Barking, Havering and Redbridge Hospitals NHS Trust.
EADS consortium expected to win air-to-air refuelling PFI
The UK Government is expected to announce today that a team led by Franco-German defence group EADS and including Cobham and Rolls-Royce as well as French company Thales has been awarded the £13bn Future Strategic Tanker Aircraft (FSTA) programme.
Balfour Beatty JV preferred for £521m Birmingham Hospital PPP
Balfour Beatty picked up its fifth hospital concession as its PPP healthcare vehicle, Consort Healthcare, was appointed preferred bidder for the £521m Birmingham Acute and Adult Psychiatric Hospitals PPP.
NHS Estates cleared on PPP decision
A disputed NHS Estates PPP deal has been given the OK following an extensive investigation by the National Audit Office.
Baker consultancy appointed to range of PPP commissions
Baker FM says its consultancy work in PPP is developing in the health and education sectors as it is appointed for a range of benchmarking and service review commissions.
Sodexho and Equion preferred for North Staffs hospital PFI
A consortium, led by Equion, which includes Sodexho as the FM provider, has been appointed preferred bidder for a new £350m hospital PFI in North Staffordshire.
QED consortium preferred in Leeds
Leeds City Council has selected the QED consortium as preferred bidder for a PFI contract that will see ten new primary schools built. Detailed negotiations are underway, with work expected to start onsite by the summer.
Kier preferred for £80m Oldham library PFI
Information Resources, a Kier-led consortium, has been named preferred bidder for a library and lifelong learning centre in Oldham under the private finance initiative. The project is valued at £80m over 25 years.
DVLA issues £150m office PFI tender
The Driver and Vehicle Licensing Agency (DVLA) has invited firms to tender for a £150m project to refurbish or replace a number of office buildings throughout the UK.
Union relaunches fight against PPP
The troubled East Lothian PPP - now to be taken forward by Balfour Beatty after the collapse of Ballast - has 'exposed the myth of risk transfer in PPP schemes', the union Unison said today, relaunching its anti-PPP campaign.
Union toughens up over outsourcing
Bradford Metropolitan District Council faces the prospect of strike action in the New Year over plans to transfer staff to the private sector as part of a £100m IT outsourcing deal.
Carillion reaches financial close on £700m Radcliffe PPP
The Carillion/Royal Bank of Scotland joint venture has reached financial close on the new John Radcliffe Hospital in Oxford as another investor enters the market for PFI equity stakes.
Amey Lex consortium preferred for MoD construction vehicles PFI
A partnership between Amey and Lex Defence Ltd has been selected as preferred bidder for the Ministry of Defence C Vehicle Capability Private Finance Initiative programme, worth more than £500m over 15 years.
John Laing takes part of Barts PFI
Laing has been invited to take a stake in the giant, Skanska-awarded PFI at Barts, London. John Laing and Sodexho are also preferred bidders for another healthcare PFI in Staffordshire.
When building stopped at Ballast
Construction contractors have gone under, PFI work has been put on hold and unsecured creditors are unlikely to get a penny, say sources, as the administrators call a meeting to discuss the future of Ballast and Wiltshier FM.
Skanska preferred for biggest PFI hospital
The Skanska Innisfree consortium has been appointed preferred bidder for the UK's largest privately financed hospital. The scheme to redevelop St. Bartholomew's Hospital (Barts) and The Royal London Hospital has a construction value alone of £1bn.
Bouygues consortium wins London PFI hospital
The construction and facilities management subsidiaries of French construction giant Bougyues have won a contract to design, build and provide FM for the Central Middlesex hospital in London.
Carillion realises £16.4m from sale of PPP equity stake
Carillion is to sell its equity interest in the Darent Valley Hospital PPP concession to Barclays UK Infrastructure Fund for £5.2m in cash. The construction to support firm will also receive £11.2m in refinancing profits.
Robertson FM mobilises at Stockton PFI
Robertson FM has moved into a newly constructed community campus at Ingleby Barwick, Stockton - built specifically to meet the needs of Europe's largest private housing development. It will provide FM services for the next 25 years.
Community hospital opens in Durham
The new £12m community hospital at Chester-le-Street, North Durham will open its doors to patients tomorrow. It was built by Robertson Construction and many facilities services will be provided by the group's FM arm.
Private role in public education questioned - again
Jarvis has come in for criticism, this time from the BBC's File on 4 programme which claims that a £55m Wirral schools PFI is behind schedule.
Serco wins £220m support contract for military satellite communication
Support services firm Serco is part of the Paradigm consortium awarded the £2.5bn Skynet 5 PFI contract to deliver secure global military satellite communications to the UK armed forces.
Reliance in winning consortium for HSE headquarters
A consortium comprising Reliance Integrated Services, construction firm Kajima and Honeywell Controls Systems has been awarded a 30 year PFI contract to provide a fully serviced headquarters building for the Health and Safety Executive in Bootle.
Hospital projects delayed by a year
Three Private Finance Initiative hospitals worth £1.4 billion have been delayed by the Government following fears that contractors cannot cope with the volume of work.
New partnership in run up to Birmingham hospital PFI
Management and unions at University Hospital Birmingham have embarked on a partnership that will allow staff representatives to help shape decision-making at the highest levels.
BSA offers cautious welcome to two-tier solution
The Business Services Association, the policy forum for major outsourced service companies, said in a statement today that extension of the local government two-tier workforce guidance across the wider public sector was inevitable.
Laing preferred for Nottingham LIFT
Having disposed of its construction and housebuilding interests John Laing's transformation into an infrastructure investment and operations group continues as the company is appointed preferred bidder for the Greater Nottingham NHS LIFT project.
Kier partnership preferred for £150m schools PFI
Academy Services, a partnership between Kier Project Investment and Dexia Public Finance Bank, has been named preferred bidder to provide eight new schools for the London Borough of Waltham Forest under the private finance initiative.
Contractors say 'sort out PFI bidding costs'
The Major Contractors Group has called on the government to review the way groups bid for PFI - they would like a preferred bidder appointed within six months and just two consortia or companies on the shortlist.
Treasury reveals reason for cost rise: it's PFI
Last week senior Treasury officials were unable to explain to a Commons select committee why their departmental spending had gone up by £27m. The mystery has been solved - it's the cost of their new offices.
BSA says talk to employers not just unions
Responding to the Chancellor's speech to the TUC promising dialogue on two tier workforces, the BSA says the private sector needs to be included.
PFI faces funding challenge
As the Private Finance Initiative moves into its second decade, funding will be more difficult to find. The result will be a shift to a new focus on a secondary market in PFI investments.
Interserve consortium wins £70m colleges PFI
Support services group Interserve and its consortium partner O'Hare & McGovern have reached financial close on a dual PFI agreement to design, build and operate two colleges of further education in County Tyrone, Northern Ireland.
Big profits in PFI
Construction companies working on PFI schemes expect to make between three and ten times as much money as they do on traditional contracts - but it's justified, they say, because there are higher risks involved.
Skanska consortium closes Derby deal
A year after it was appointed preferred bidder, Skanska has signed the final contract for South Derby Acute Hospitals valued at £459m including 35 years of FM.
McAlpine preferred for Addenbrooke's PFI
Construction to services group Alfred McAlpine has been appointed preferred bidder by the Addenbrooke's NHS Trust for a £170m PFI scheme.
Interserve expands role for Inland Revenue
Interserve Project Services has negotiated a £45m design and build contract at the same time expanding its FM role for IR and DWP in Newcastle.
Balfour Beatty closes £60m of PFI contracts
The contractual aspects of two PFI schemes have been agreed: a group of schools in Calderdale which will be managed by Rentokil Initial Management Services and a new £16m hospital in Darlington. Both are being built by Balfour Beatty.
Carillion preferred for Portsmouth PPP hospital
Business and construction services group Carillion has been appointed preferred bidder for the new Queen Alexandra Public Private Partnership project.
Mowlem wins Allenby Connaught PPP
A consortium led by Mowlem has secured the prestigious Allenby/Connaught Ministry of Defence PPP/PFI project.
NAO not impressed with GCHQ deal
A National Audit Office review of the state of the PFI deal that will deliver a new headquarters for GCHQ has found that technology costs were under-estimated by a factor of ten.
Soft services transfer discretionary in PFI rethink
Faced with growing criticism over the use of the Private Finance Initiative from, the trades unions, its own backbenchers and some professional groups, the Government has sought to redefine its approach in a new policy document.
Balfour Beatty reaches financial close on £125m hospital deal
Balfour Beatty, announced today that Consort Healthcare (Balfour Beatty Capital Projects Ltd and HSBC) has reached financial close on the contract for a PFI hospital in Blackburn.
Scotland commits to PPP
The Scottish Executive is committed to using PPP as part of its modernisation programme to help build a better Scotland, finance and public services minister Andy Kerr said yesterday.
New database on PFI/PPP recommendations launched
Over 300 Government officials have attended a major stock-take on PFI and PPP at the National Audit Office's second annual conference where a new e-centre was launched.
Mowlem preferred bidder for £79m schools PFI
Devon County Council has chosen construction and support services group Mowlem as preferred bidder for its Exeter schools Private Finance Initiative scheme.
Balfour Beatty reaches financial close on £100m schools deal
Transform Schools (Rotherham) Ltd, a concession joint venture between Balfour Beatty plc and Innisfree, has reached financial close for its £100 million PFI schools project for the Metropolitan Borough of Rotherham.
FM can shape good PFI design say architects
Architects have their doubts about the private finance initiative but at a conference this week they acknowledged that it has brought facilities management to the fore, which can only be good for design.
Lend Lease consortium wins £27.2m Burnley hospital contract
Catalyst Healthcare has been selected as preferred bidder for the fifth phase of Burnley General Hospital PFI in Lancashire.
PFI hospitals: debate rages on
Private finance initiative schemes damage hospital services and lead to a reduction in beds, argues new research carried out in Edinburgh.
Equion preferred bidder for Newcastle hospitals
A consortium including construction firm Laing O'Rourke and the UK arm of German company M+W Zander has been appointed preferred bidder for a £200m PFI scheme to redevelop two Newcastle hospitals.
Leeds appoints first PFI legal adviser
International law firm DLA has been appointed Leeds City Council's legal adviser for PFI projects. The appointment is the first to be made under the Council's new arrangements for partnering with external advisers to deliver PFI projects.
Second Tube PPP reaches financial close
The Metronet consortium has reached financial close on the Public Private Partnership to run the infrastructure companies responsible for over two thirds of the London Underground network.
Disagreement erupts over success of PFI hospitals
Unison, the public services union, has published a report on the experiences of frontline staff in PFI-funded hospitals. This reveals a series of shortcomings, say the authors. But a service providers' group says the research is flawed and unhelpful.
New allocation strategy for schools projects
Following a critical report published in February, the government has announced new plans for investment in school buildings, a programme that will see £3.2bn spent over the next three years.
Jarvis signs £54m deal with Salford City Council
Jarvis has reached financial close on a contract to design, build and operate three special educational needs high schools for Salford City Council.
Amey shareholders approve PFI sale
At Amey's Extraordinary General Meeting held today, shareholders approved the disposal of the company's PFI portfolio to Laing Investments.
Schools funding off target, says new report
The Audit Commission has looked at investment in preventive maintenance and improvement for school buildings and found 'systemic problems' that limit the success of asset management strategies.
Interserve closes Peterborough Prison PFI
A consortium including support services company Interserve has closed its second prison PFI contract.
HSE names preferred bidder for new HQ
The Health and Safety Executive has appointed the Kajima Consortium as the preferred bidder for a PFI contract to build and operate a new headquarters in Bootle, Merseyside.
Skanska Coventry hospital PFI is “deal of the year”
Skanska's contract to fund, design, build and partly maintain a new hospital in Coventry was named “Deal of the Year” today - most significantly because it is the first to use the Retention of Employment model for soft services FM staff.
PFI construction gets qualified endorsement from NAO
Most construction under the Private Finance Initiative is being delivered on time and at the planned cost, according to the National Audit Office but it is impossible to say if this performance could have been achieved with other procurement routes.
Bright future for PPP across Europe
The legal and regulatory framework in Europe for PPPs is maturing, says the London-based International Project Finance Association, and that will lead to a growth in spending over the next two years.
Interserve preferred for defence college PPP
The Minerva Education & Training consortium, which includes support services provider Interserve, has been named preferred bidder for the £250m Defence Sixth Form College public private partnership.
PFI: who are the deal-makers?
A new survey has named Ernst & Young as the top PFI advisers in 2003 closing 18 deals including the Manchester Police project won recently by Laing and Equion FM. PricewaterhouseCoopers came in second.
PFI players hide £2bn of debt in SPVs
Amey, Amec, Balfour Beatty, Jarvis and Laing are paying interest on £2 billion of debt amassed by Special Purpose Vehicles, analysts have calculated. The news came as Amey admitted 250 of its staff are under notice.
Mouchel advising on PFI court projects
Support services group Mouchel has emerged as a key advisor on three Court Services projects, valued at over £70m and amongst the first PFI schemes launched by the Lord Chancellor's Department.
Amey still plans a future in PFI
Amey has issued a statement following up on yesterday's announcement of the conditional sale of PFI projects to Laing. The deal, the company says, will underpin its strategy of being a leading PFI player.
Final bidders for Birmingham's new hospitals
Consortia led by Bovis Lend Lease and Balfour Beatty have emerged as the final bidders for Birmingham's £305m New Hospitals Project to replace three existing hospitals.
Bilfinger named preferred bidder for schools
International construction services group Bilfinger Berger has been appointed preferred bidder for the provision of two new school facilities in Bedfordshire.
PFI schools: could do better
An Audit Commission investigation into schools funded under the Private Finance Initiative has revealed a series of shortcomings. Lessons need to be learned by all parties if the promised benefits are to be achieved, says the report.
Union accuses CBI of 'sabotaging' TUPE talks
Government plans to put an end to accusations that PFI projects lead to a 'two-tier' workforce suffered a setback when a major public sector union launched an attack on the process.
Ballast and Wiltshier FM consortium starts work on East Lothian PPP
A Ballast-led consortium has commenced a major PPP/PFI education and community facilities project for East Lothian council worth £43m in design and build and £92.5m in FM over 32 years.
Jarvis signs deal for Birmingham walk-in clinic
Jarvis has achieved financial close on a deal to provide England's first ever purpose designed and built PFI Ambulatory Care Centre (ACC) under the Private Finance Initiative (PFI), for Sandwell and West Birmingham Hospitals NHS Trust.
First 'batched' LIFT primary healthcare projects go to tender
Tender notices for the first 'batched' projects under the Government's Local Improvement Finance Trust, or LIFT, healthcare initiative have been published. The six schemes have a total capital value of almost £146m.
PFI project due at North Middlesex Trust
North Middlesex University Hospital NHS Trust is gearing up to launch an £80m PFI project. Included will be a new hospital on the existing site, with a 30-year contract for facilities management and maintenance.
UK “model for international PPP”
Having signed 530 PPP contracts, worth £24bn, the expertise of UK firms is crucial to the budding international market for public private partnerships, according to a new report from International Financial Services, London.
Redcar makes it official - 'no' to Amey
Redcar & Cleveland Council has confirmed that business process outsourcing specialist Liberata is its preferred bidder for a £230m ten-year strategic partnership.
Kier and Caxton preferred bidders for East Anglia health centre
Kier and its partner Innisfree, acting as Prospect Healthcare, have been named preferred bidders for a new £22m diagnosis and treatment centre for Hinchingbrooke Health Care NHS Trust.
Jarvis preferred for £67m schools PFI project
Facilities management and infrastructure services group Jarvis, has been appointed preferred bidder by Salford City Council to design, build and operate three special educational needs schools.
CABE rolls up its sleeves for hospital work
The Commission for Architecture and the Built Environment is set to go hands-on with NHS Estates in a joint effort aimed at providing practical assistance to clients who are developing five hospitals around the country.
John Laing signs £78m police PFI contract
After announcing its intention to buy Amey's PFI equity stakes, John Laing subsidiary, Equion, has been awarded a PFI contract to build and operate 16 police stations and a new traffic HQ for the Greater Manchester Police Authority.
£148m PPP hospital opens
The new Great Western Hospital in Swindon opened its doors this week with Carillion providing a wide range of property and facilities services.
Coventry PFI hospital beds Skanska £484m
Financing has closed for one of the UK's largest privately financed hospitals - Skanska's largest UK hospital project to date.
Number of companies in PFI expected to fall
A detailed survey of PFI project sponsors, funders and advisors has found that almost all expect a decline in the numbers of private companies bidding for future work.
CABE identifies seven keys to success
The Commission for Architecture and the Built Environment has set out the crucial design issues that Health Care Trusts must address if they are to achieve better quality health care environments that are properly patient-focused.
Jarvis defends schools PFI record
Andrew Sutton, chief executive of Jarvis Accommodation Services, countered accusations of poor workmanship, late delivery and inadequate communication on school PPP projects in the BBC's investigative programme File on Four last night.
Turner & Townsend goes Dutch on PPP
Turner & Townsend Group played host to a group of Dutch government and council officials, who visited the UK to find out more about light rail concepts and public finance initiatives.
Scotland ends PPP ‘two-tier' workforces
Scottish MPs have agreed a new protocol that will protect workers rights in future public private partnership deals. It will not, however, be back-dated to cover existing schemes.
Departments need to press for PFI refinancing gains says NAO
Over 60% of PFI contracts let so far did not include arrangements to share gains from refinancing. In a report released last night the National Audit Office said that government departments would need to manage these deals more effectively.
Jarvis to develop education support services
Jarvis has entered into an agreement with a team of education and commercial professionals to develop a new education support services business.
Department of Health seeks advice on batched PFI contracts
The Department of Health has advertised for financial consultants and legal advisors to help shape the tender process for the first batched hospital PFI initiatives.
Healthcare PFI: on time, on budget, but a shortage of bidders
88% of hospital PFI schemes have been delivered to programme according to a new Ernst & Young survey. However, the sheer volume of schemes coming to market should be raising concerns.
Features - Search found 6 features
A brief history of Carillion
Recently, Carillion reported pre-tax losses of £1.153m for the first half of 2017. It is the latest chapter in the sometimes tumultuous history of one of the FM market's most active businesses.
Public Services - Public or Private Servants?
John Pilkington, managing director of Amey Ventures, looks at the connection between modernisation of facilities and the modernisation of practices.
PFI - Whose Market Opportunity is It?
Tim Grier offers an expert view on PFI (the Private Finance Initiative) and PPP (Public Private Partnerships) as routes to investing in, building and managing public sector projects.
The Private Finance Initiative - opportunities for facilities management
Ed Baldwin from Journal of Facilities Management
Health-check on a market opportunity
PFI is here to stay as a method of funding new hospitals. That brings opportunities for FM companies with a long-term view. But in the meantime, writes Elliott Chase, problems are still being identified and confronted.
Public Property
Concerns expressed in the press about PFI/PPP deals have had a negative impact on the FM companies involved. Nicki Thomson examines the scheme's origins and the current debate about its future.
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