What is PFI?

A public-private partnership (PPP), is “a long term contract between a private party and a government entity, for providing a public asset or service, in which the private party bears significant risk and management responsibility, and remunerations linked to performance”. Typically they do not include service contracts or turnkey construction contracts.

A private finance initiative (PFI) is a method of providing funds for major capital investments where private firms are contacted to complete and manage public contracts. Under a PFI, the private company, instead of the government handles the up-front costs. Typically they included both hard and soft FM services in the contract (although soft services need not be included in PFI projects).

In the UK there are over 900 projects with a reported cost of in excess of £225bn, the headline debt is based on “unitary charges”; which includes the fees for services rendered, such as maintenance and cleaning as well as the repayment of loads underwritten by Banks and Investment companies.

Why is Training Important for the Contract and the Team responsible?

At Right Outcomes we understand the operational aspects of managing small, medium and large contracts - and even the smallest of contracts can be complex with regards to ‘rights and obligations’.

There has been a growing disparity between the investments in the development of the operational teams managing operations PFI contracts in general in both private and public teams - something which we recognised as key to the success of the contract.

To redress the imbalance and support operational teams, we have assembled a team of specialists, and developed a comprehensive suite of training events – which can be tailored to suit all contractual needs.

The courses we offer cover both the technical guidance, but also look at key management skill areas, which can have an impact on outcomes. More importantly we have practitioners, and bring together contract managers under one roof in order to share experience – in a focussed environment in very interactive sessions.