PFI deal retenders
Language: English Series: Contract Journal ; 398 (6227) 26 May 1999, 1(1)Publication details: 1999Subject(s): Summary: Government plans to introduce new accounting rules may mean local authority private finance initiative (PFI) deals have to be renegotiated. Currently PFI deals must pass the 'contract structure test' which dictates that at least 20% of the the contractor's income from the contract must be at risk against poor performance or a low level of usage. The DETR is considering replacing this with a more rigorous accounting analysis based on the Accounting Standards Board's recent ruling that PFI deals must be on-balance sheet.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3520-12 (Browse shelf(Opens below)) | 1 | Available | 93615-1001 |
Browsing London shelves, Shelving location: News article Close shelf browser (Hides shelf browser)
Government plans to introduce new accounting rules may mean local authority private finance initiative (PFI) deals have to be renegotiated. Currently PFI deals must pass the 'contract structure test' which dictates that at least 20% of the the contractor's income from the contract must be at risk against poor performance or a low level of usage. The DETR is considering replacing this with a more rigorous accounting analysis based on the Accounting Standards Board's recent ruling that PFI deals must be on-balance sheet.