1.9 The PFI contract sets out the key terms on which the authority and contractor agree that their relationship will be based. It will include the allocation of risk, the quality of service required, value for money mechanisms and other working arrangements. These decisions made during the procurement of the contract have an impact on how well a successful partnership can be created. In July 1999, the Treasury Taskforce published guidance on Standardisation of PFI contracts. That guidance, which is now the responsibility of the Office of Government Commerce, is being reviewed on its behalf by Partnerships UK. There will be a period of public and private sector consultation before the revised guidance is published.