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The complex mesh of participants involved in any PFI deal ensures that every project will present its own challenges.
This book provides clear guidance to the issues and risks involved when practitioners are advising in this area. Divided into logical sections for easy understanding, the text explains: how the tendering process works, and how it differs for each public sector; contract negotiation for each participant involved in the structure of the project; corporate structure and risk transfer; tax issues; the legal issues, including construction, employment, security, contract terms and compensation for public sector default.
Throughout, the text highlights contractual difficulties that may arise as a result of the differences between sectors, and includes schematic diagrams to clarify the roles of the participants and the contractual and financial structure of the deals.