PFI tendering: is it worth the effort?
The present Government has demonstrated a continuing commitment to Private Finance Initiatives (PFIs). Peter Grose believes this is an area of opportunity for those willing and able to bear the risks. In today’s economy, partnerships between the public and private sectors are becoming increasingly important in promoting regeneration. The Private Finance Initiative (PFI), which was introduced in 1992, promotes the public and private sectors forming such partnerships, making use of what both sectors have to offer, to deliver quality services. PFI projects involve the use of private capital and expertise to provide public infrastructure and services. Local authorities have used the PFI to procure a wide range of services, creating new opportunities for a broad range of private sector organisations. Some examples of these are waste management services, schemes for the design, build, operation and financing of new schools and also of new police stations. There are also opportunities in the care sector. Westminste