STANDARDISATION OF PF2 CONTRACTS PROVISION

SOURCE OF CHANGE WHERE RELEVANT

EXPLANATION OF HOW PROVISION HAS CHANGED THE SoPC4 POSITION

Chapter 4: Land, Equipment and Property Interest

Section 4.1.4 (Introduction)

Policy

Specifies that Authorities should ordinarily warrant title to land which they provide to the project.

Section 4.2.3 (Property transfer)

Market up-date

Specifies that, for property interests, the generally preferred approach is for the Authority to grant a licence to the Contractor which should be co-terminous with the PF2 Contract (unless it is a residual value project)

Section 4.3.5 (Property purchase and disposal)

Market up-date

Notes that the approach in housing projects tends to differ from that of other sectors and that DCLG provides detailed guidance on transfers of residual value interests.