39. At an appropriate time in the maturity of the refinancing proposal, the HM Treasury Refinancing Taskforce (staffed by representatives from Partnerships UK (PUK)) must be consulted. The Refinancing Taskforce has a role supporting MOD in its assessment of value for money and provides input on the interpretation of the Code and its application to specific projects. The MOD PFU will facilitate consultation with the Refinancing Taskforce at the appropriate time, it is important that this consultation takes place early in the negotiation to inform the MOD's position. Where appropriate PUK will consult, direct with the Treasury.