2.21 Lifecycle works at the Pilot PPP Schools are procured and managed by the Project Company and FM Contractor, and funded from the Lifecycle fund as per the project Financial Model. From the outset, the Pilot PPP Schools Bundle have a dedicated fund to ensure that the facilities remain in a condition B. Risk for Lifecycle is transferred from the DoE to the Project Company, therefore if Lifecycle costs are above that available in the fund, the Project Company must complete and fund these works.
2.22 Whilst there is no contractual demarcation of Lifecycle works for the Conventional Schools, the definition for the purposes of this comparator exercise considered the same types of investment as at the Pilot PPP Schools, where Lifecycle works include repair of buildings (other than standard maintenance), purchase of equipment (building related), and major overhaul of fabric and M&E plant. The Conventional Schools fund these works from DoE grants (Capitation, Summer Works, and Emergency Works) and from other income sources such as community use and fundraising. All Lifecycle works are procured and managed by the schools.