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In addition to the initial construction and delivery of the services within a PFI project, the long-term maintenance & repair of the facility over the whole life of the scheme (usually 25-30 years), is of paramount importance.
As consultants we are advising all parties to a PFI deal, from Awarding Authority, SPV, Funders, Equity Providers, through to the FM subcontractor.
Our unique experience enables us to advise on matters such as risk allocation / sharing; provision for reserving in the financial model; the quantum and profile of the lifecycle funds; the relationship between capital expenditure and planned preventative maintenance (PPM); and replacement strategies (i.e. whole life costs).
In addition, we can provide an independent view of the "health" of a lifecycle fund and determine if any genuine surplus exists in order to extract value.