[Annexes]
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Annex A PFI ASSURANCE CRITERIA AND EVIDENCE REQUIREMENTS
Annex A
PFI ASSURANCE CRITERIA AND EVIDENCE REQUIREMENTS
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1. Commercial risk allocation, transfer & management
2. Requirements (commercial articulation in an output based specification and demonstration/certification of it)
3. Timescales (timetable and strategy to close & in-service delivery)
4. Affordability (and whole life costs)
5. Value for Money (VFM)
6. Contracting strategy & terms and conditions of contract (Project Agreement)
7. Payment/incentive mechanism & performance management
8. Flexibility for variations and changes
9. Financing structure, availability of finance & Special Purpose Vehicle (SPV) robustness
10. Project/Programme Governance & leadership
11. Acquisition team skills & resources (incl External Assistance)
12 Contract management and industry relationships