Voluntary 'code of conduct' for PFI/PPP — a common-sense approach?
The government has recently introduced a ‘best practice’ guide for parties from the public and private sectors involved in operational PFIs and PPPs, in a bid to make further savings in infrastructure projects.
With the primary aim of encouraging public and private sector partners to work together to improve efficiency and reduce costs, it is anticipated that the code will receive widespread support.
However, there is no obligation for parties to sign up to the code of conduct, and only time will tell whether agreeing on a voluntary basis is going to be enough to deliver the desired improvements in efficiency and savings…
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