Abstract
This report provides a wide-ranging and informative perspective on the sector
and provides a review of the entire market for PFI schemes.
Since its introduction in 1992, the Private Finance Initiative has progressed
to become a major source of funding across a wide range of government
departments. Over 600 projects have been signed to date with a combined
capital value of nearly £56.9 bn. The report reviews the situation
at the moment, with a focus on forecasts over the next few years, the key
areas of opportunity for PFI and a review of its current perceived
advantages and disadvantages.
Key areas of coverage in the report include:
- Focus on the Major Departments and Devolved Governments - Analysis
of PFI schemes by Government Departments and Devolved Governments over the
last five years and forecast over the next 2-3 years. Details of the number
of projects awarded and their capital values. Recent influences and trends by
sector. Future prospects and opportunities.
- Overview of the UK PFI Market - Market development and recent
trends. Market size and sector mix. PFI projects signed to date. Key
influences including changes in legislation and procedure. Public Expenditure
plans.
- Profiles of the Main Providers to the PFI Market -Analysis of
contracting consortia and prime contractors, with emphasis on main
construction contractors and hard FM providers. Focus of activities, major
schemes won. Effect of market consolidation.
Of particular interest:
- Analysis of recent growth area and identification of future
growth markets for PFI in the UK.
- Assessment of the collapse of the Metronet consortium and the
repeated scandals on cost overruns, and their impact on the future of
unusually large PFI projects.
- Details of initiatives aimed at improving value for money.
- Evolution of the PFI processes, leading to a redefinition of suitability
criteria for PFI projects and moves to introduce some flexibility into long
term contracts.
Key areas of coverage in the report include:
MARKET OVERVIEW
- The current situation - funds already committed, impact of recent
developments.
- Market size. Capital expenditure on PFI.
- Relative importance of PFI expenditure as compared to Government spending.
- Key recent issues including financial markets, procurement
practices, institutional developments, regulations and redefinition of the
scope of FM services.
- Current market mix by Government Departments responsible for allocating
credits.
- Future trends and forecasts for PFI funding in Public Sector
projects.
FOCUS ON THE MAJOR DEPARTMENTS
- Sectors covered in detail include - Defence, Education, Environment,
Health, Office of the Deputy Prime Minister, Transport.
- Sectoral analysis of PFI projects committed - total amounts, major
projects signed, capital values.
- Forecast by sector through to 2008/09.
- Key issues within sectors - procurement changes, relevant
initiatives and Government policies, growth areas within sectors.
FOCUS ON DEVOLVED GOVERNMENTS
- Major devolved Governments covered in detail include - Scottish
Government, Northern Ireland Executive and Welsh Assembly.
- Analysis of signed projects - Total amounts, major projects signed,
capital values. Sector mix.
- Identification of potential growth areas.
- Forecast by sector through to 2008/09.
MAJOR PLAYERS
- Assessment of changes in the supply structure - market withdrawals,
new players.
- Major Prime Contractors - principal activities, recent history,
major contracts won (signed/preferred bidder status), key areas of strength.
BACKGROUND - EVOLUTION OF PFI
- Initial stages of PFI - evolution from its introduction in 1992,
the election of the Labour Government in 1997 to date.
- Early reviews of the PFI - the Bates review and the reorganisation
of public procurement.
- ‘PFI: Strengthening Long-term Partnerships’ - outline
of the Governments current approach to PFI including guidelines regarding
appropriate use of PFI. Types of schemes where PFI has proved
successful/unsuccessful - impact on future prospects. Areas attracting future
attention.
- National Audit Office Survey - impact of PFI to date, effect on
future outlook.
View Cart
