000 01163cab a2200253 4500
001 WB3520-12
008 090401t1999 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u93615
041 _aeng
245 _aPFI deal retenders
260 _c1999
350 _a0
490 _aContract Journal
_v398 (6227) 26 May 1999, 1(1)
520 _aGovernment 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.
650 _aACCOUNTING RULES
650 _aACCOUNTING STANDARDS BOARD
650 _aCONTRACT STRUCTURE TEST
650 _aLOCAL AUTHORITIES
650 _aPFI
650 _aPRIVATE FINANCE INITIATIVE
690 _aPROPERTY-PROPERTY DEVELOPMENT
942 _n0
948 _c27/05/1999
999 _c59329
_d59329