Balfour urges PF2 pipeline

16 February 2017 Contractor Balfour Beatty has published a new paper focused on unlocking the potential of PF2 to deliver a raft of new projects.

Among its recommendations for the government to improve the benefit of the model and maximise value for taxpayers, the firm said having a “clear, sizeable and steady pipeline of projects to attract the scale and variety of market interest to create a competitive environment of funding bids” was crucial.

Other recommendations included “policy consistency across political cycles”, a streamlined procurement process and greater transparency to compare PPP project performance compared to publicly procured schemes.

There has been a growing clamour in recent months to improve the way in which performance of PPP projects is monitored against publicly procured schemes.

In December, a number of experts suggested to the Commons Treasury committee that the National Infrastructure Commission could focus on researching this issue to “shine a light” on whole-life best value for money.

A new programme of PF2 projects is expected to be published in this next month’s Budget, with some sources suggesting a first wave of deals could be launched in the second half of the year.

Balfour Beatty’s Unlocking the Benefits of PF2 report can be read here.

 

This page was last updated on:
21 November 2017.

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