5.24 Reflecting the Government's commitment to using PFI where it represents value for money, this body of guidance will continue to represent best practice for PFI projects and it will continue to be updated as appropriate. At the same time, the lessons learned from the public sector's experience of PFI will be applied to other procurements, including the approach to assessing value for money set out in Chapter 4 and the value of private finance in PPP projects, discussed in Chapter 3.
5.25 Guidance for PFI was developed in tandem with early PFI projects, starting with a principles approach and finally reaching the standardised terms and conditions codified in SoPC4. The Treasury will consider what additional guidance should be made available to support other emerging procurement routes and delivery models. For example, as set out in Chapter 2, the Treasury will revise the guidance for Joint Ventures.