Appendix 1 - Glossary of Terms
Term or Abbreviation | Definition |
Public Private Partnerships Programme | |
A written report submitted to the Local Authority by the Service Provider no later than [date to be specified] and which shall contain the information set out in the Output Specification and the Service Provider's Method Statement - Strategic Assistance and Reporting | |
[Insert Base Rate that applies] | |
The duty imposed on the Local Authority by Section 3 of the Local Government Act 1999 | |
The review which was required to be conducted by the Local Authority in accordance with Section 5 of the Local Government Act 1999 | |
Each of the organisations to whom this ISDS is issued | |
Any employee, consultant, advisor, agent, officer or Sub-Contractor (of any tier) of the Service Provider | |
Best Value Performance Indicators | |
[Insert details] | |
The Model Contract for [insert details] which is the subject of this ISDS | |
[Insert details] | |
[Insert details] | |
[Insert details] | |
The designated room in which data and resources are made available to Bidders, and which is covered in Appendix 8 of these Instructions | |
A Detailed Solution submitted by a Bidder in response to this ISDS (including the Standard Solution and each Variant Solution) | |
The pro-forma financial model which the Bidder is required to complete in accordance with the guidance set out in Appendix 8 of these Instructions | |
All or any of the persons who provide financing or funding in respect of the PFI Contract | |
Such Fellow of the Institute of Actuaries (or Faculty of Actuaries in Scotland) or a firm employing such actuaries as shall be agreed between the Local Authority and the Service Provider, or in default of agreement between the parties, as shall be appointed by the President for the time being of the Institute of Actuaries on the application of either the Local Authority or the Service Provider. | |
[Insert details] | |
The information contained in this ISDS or sent with it, or which has been or will be made available to the Bidder in connection with any further enquiries in relation to its subject matter (including without limitation any information on the Collaborative Website and in the Data Room) | |
Invitation to Submit Detailed Solutions issued to the short-listed Bidders | |
[Insert name of Local Authority] | |
The Method Statements to be prepared by the Bidder as part of its Solution to explain how the service will be delivered | |
The Model Contract is contained in Volume 2 of this ISDS | |
Outline Business Case | |
The Office of Government Commerce | |
The Output Specification included at Schedule • of the Model Contract and which sets out the Local Authority's required outcomes and standards for the service to be provided | |
The payment mechanism included at Schedule • of the Model Contract and which sets out the means of adjustments to the Unitary Charge | |
The standards set out in the Output Specification for delivery of the service | |
The UK Government's Private Finance Initiative or any similar replacement initiative | |
The procedure used by the Local Authority to assess the eligibility and suitability of candidates in order to create a short list of Bidders who will be invited to take part in competitive dialogue | |
A Bidder that the Local Authority selects at a later stage in the procurement process as its preferred partner for the Project | |
The Project Review Group chaired by HM Treasury | |
The Team constituted by the Local Authority which deals with the day-to-day management of this Project on behalf of the Local Authority | |
[insert details of project] | |
[Insert details] | |
[Insert details] | |
The Party which ultimately enters into the PFI Contract with the Local Authority | |
The primary Solution submitted by a Bidder to the Local Authority in accordance with the Instructions and Guidance in this ISDS, being the Solution which complies with all of the Local Authority's requirements and assumptions set out in this ISDS | |
The contractual payments to which the Service Provider is entitled to under the PFI Contract calculated in accordance with the Payment Mechanism | |
A Variant Solution submitted to the Local Authority by a Bidder in addition to the Standard Solution in accordance with the Instructions and Guidance in this ISDS, being an alternative to the Standard Solution which the Bidder believes may offer better value for money | |
Value Added Tax |