PFI - A Ticking Time Bomb? - Part 2
- Podcast Location:
- Download it here [file size: 18.6 MB]
- Categories:
-
Commercial Law
Construction, Procurement & Outsourcing
Governance & Service Provision
- CPD Points:
- Up to 1 point. details »
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- Length:
- 30 minutes of audio
(+ optional 5 minute online quiz) - Plays on Computer:
- Yes Downloadable as MP3: Yes
- Contributor(s):
- Course Aims:
This podcast continues to analyse some of the reasons why PFI initiatives run into difficulty using a practical example from the speaker's own experience. It also hopes to outline some of the difficulties of re-tendering the project to the market following termination and the importance of reliable short to medium term financial projections.
- Outcomes:
- After completing the course you will:
- Have understood the Neath Port Talbot case and the reasons for the failure for that PFI initiative;
- Be aware of the difficulties for the public sector in terminating and re-tendering a PFI agreement to the market;
- Understand the argument against the further expansion of PFI as a means of public service delivery.
- Level:
- Intermediate
- Classification:
-
Case Update
Legal Principles
- Sources and References:
-
- There are no relevant citations for this podcast.
In this two part CPDcast mini series, Stephen Davies QC analyses the relationship between the public and private sectors' delivery of public services known as PFI.
Part 2 of the podcast will continue to analyse the tension between the interests of the public and private sectors when a PFI project becomes unworkable and the causes for such breakdown. Stephen Davies QC also addresses the issue of termination of the PFI agreement which often results in a windfall for the private sector at the expense of the public purse.
Podcast added: 14/12/09
Podcast last reviewed: 2011-05-27
