Preparing for PFI contract expiry

As Private Finance Initiative (PFI) contracts begin to expire, public sector organisations across the UK face the challenge of managing the return of a wide range of assets, such as roads, schools, and hospitals.

They will need to be prepared for a range of challenges at the point of hand back; contracts can be significantly complex and may have been revised to reflect changes in service requirements, representing a risk in terms of pressure on public sector resources and service disruption.

NEPRO Blog 4 - Preparing for PFI contract expiry

NEPRO³ can help manage this process and support public sector authorities with their preparation for PFI contract expiry.

Procured by NEPO and delivered by Bloom, NEPRO³ provides the public sector with a compliant and efficient route to appointing specialist professional services. NEPRO³ features over 240 categories of spend, including a PFI Support category entirely dedicated to providing expertise in this area. The NEPRO³  solution is designed by the public sector for the public sector, on an outcomes based approach to help manage professional services efficiently & effectively, whilst achieving the results public buyers need.

Michael Murray, Category Specialist at NEPO explains:

“Early preparation for the expiry of PFI contracts will be key to a smooth handover of assets, this has been highlighted in the recent report from the Public Accounts Committee on “Managing the expiry of PFI contracts”. With NEPRO³, public sector organisations can appoint professional services from Bloom’s diverse marketplace, through direct award or via a competitive process. We have already helped over 350 public sector organisations deliver over 7,000 professional service projects and can bring this expertise to the emerging requirements around PFI expiry.”

Paul Mander, Procurement Director at Bloom, added:

“The Bloom marketplace features a range of accredited suppliers able to support the PFI expiry process.  Many of these specialists are SMEs with first-hand knowledge of the contracts that were put in place during the 26 years of the PFI model.  Bloom can help the public sector to manage the process from specification through to delivery, ultimately achieving the best outcomes for the communities we serve.”