1.7 In this document the term:
authority: describes the public sector body buying the service.
contract: describes the original contractual document or Project Agreement signed by the parties
contractor: describes the private sector party/sub contractor contracted by the authority to deliver various parts of the service
contract manager: describes the public sector manager responsible for managing the contract.
SoPC4: means Standardisation of PFI Contracts Version 4 (March 2007).
SPV: describes the Special Purpose Vehicle company established for the specific purpose of entering into the contract for a project. This is often referred to as the Project Company in respect of a particular project. There is an SPV for the majority of PFI projects and even for those corporate financed projects without an SPV, the principles are still relevant.
| If contract managers require further advice or help in relation to variations requests, the Treasury has an Operational Taskforce helpdesk run by Partnerships UK which is available to provide assistance on 020 7273 8356 or email: operationaltaskforce@partnershipsuk.org.uk |