Existing Guidance | New Guidance |
PBDFC are an option for the procuring Authority | PBDFC will be the default option above a threshold (subject to the exception in 2 above) |
Running a PBDFC after the selection of a PB has often been a supplementary step | Additionality removed |
PBDFCs were discouraged on large or complex projects | PBDFCs will take place for all large projects |
Financial benefit and risk shared between Authority and Contractor | Financial benefit and risk generally lies with the Authority |
The policy imperative was to drive more competitive terms | The policy imperative is full transparency |
There was only limited Authority oversight of financing | There will be more open access and oversight by the Authority of the funding process |