While the PPP parties are typically working together to reach swift operational and financial solutions to issues, sometimes financial resolution can take months as in the Piccadilly Line example described in Case example 6 and more generally some £14.4 million pounds of fault attribution for 2003/04 still subject to negotiation in late May 2004.
Partnership means not pursuing contractual disputes that have little merit from an outside perspective. The partners to this contract should take steps to ensure that lengthy processes to reach financial resolution continues to be the exception rather than the rule, and LUL should resolve difficulties in ways that incentivise rapid action to remedy asset condition without unduly prejudicing its financial position. (Report reference: A4; B3) |