Reflecting on the long term nature of the contracts and changing approaches in maintenance contracts, for example improvements in technology that drive greater efficiency, how could the public sector have better confidence in the ongoing value for money achieved from hard facilities management and lifecycle risk transfer? 

In any long-term contract of this nature, it is possible to sit the life-cycle risks within the operating company (SPV) or pass them down to a facilities management sub-contractor. Under the NPD model, there could be enhanced value for the public sector in retaining these risks at the SPV level where, if risks do not materialise and there is a surplus in the lifecycle fund it would be returned to the public sector procurer. 

Others respondents will be better placed to respond on other aspects of this point.