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PUK's standardisation role has three main strands: 1. SoPC4. Assisting HM Treasury in the provision of comprehensive guidance through Version 4 of Standardisation of PFI Contract Terms (SoPC4). SoPC4 includes guidance on the key issues that arise in PFI projects, in order to promote the achievement of commercially balanced contracts and deliver best value for money. SoPC has played an important role in promoting a common understanding of the main risks which are encountered in PFI projects, and in achieving consistency of approach and pricing. 2. Derogations. Assisting HM Treasury in approving any project or sector-specific derogations which may be needed on any PFI project. 3. Standard forms. Assisting departments in the development of sector specific standard form PFI contracts, building on SoPC4, and their approval by HM Treasury. The PUK Derogations online document library uses next-generation technology to make it easy to find and understand vital information in the SoPC 4 and sector-specific PPP documents. |
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