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Small challenges

By: Series: Property Week ; 67(1) 11 January 2002, 42(1)Publication details: 2002Subject(s): Summary: Examines how to make PFIs work in small projects with limited budgets. PFI projects tend to be very complex and often have problems with delays to the start of work and have large consultants bills with the risk managed by the contractor. Small projects are often bundled together into single, larger projects. Examines how PFI/PPP projects normally work and looks at a government scheme (launched in November 2001), NHS local infrastructure improvement trusts (LIFTS), that aims to combine the bundling of projects and standard documentation and provide an avenue by which the private sector's property and development expertise can be harnessed to provide a programme of development in each area and ongoing servicing of the facilities developed.

Examines how to make PFIs work in small projects with limited budgets. PFI projects tend to be very complex and often have problems with delays to the start of work and have large consultants bills with the risk managed by the contractor. Small projects are often bundled together into single, larger projects. Examines how PFI/PPP projects normally work and looks at a government scheme (launched in November 2001), NHS local infrastructure improvement trusts (LIFTS), that aims to combine the bundling of projects and standard documentation and provide an avenue by which the private sector's property and development expertise can be harnessed to provide a programme of development in each area and ongoing servicing of the facilities developed.