Private Finance Initiative

– Scottish Parliament written question – answered at on 3 October 2001.

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Photo of Donald Gorrie Donald Gorrie Liberal Democrat

Question S1W-18247

To ask the Scottish Executive what standard penalty clauses have been included in its Private Finance Initiative (PFI) contracts and how many have been invoked since May 1999.

Photo of Donald Gorrie Donald Gorrie Liberal Democrat

Question S1W-18250

To ask the Scottish Executive whether it will detail any financial penalties imposed on private sector firms in each of the last five years for failures to deliver in relation to key performance indicators in (a) Private Finance Initiative and (b) Public/Private Partnership projects.

Photo of Angus MacKay Angus MacKay Labour

The Treasury Taskforce Standardisation of PFI Contracts has been available since July 1999. A copy is available in the Parliament’s Reference Centre (Bib. number 16339). It is broadly indicative of the type of provisions contained within PFI contracts although the Executive’s contracts predate it. Payments under a PFI contract are routinely adjusted to reflect performance against it.

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