PFI/PPP Disputes (Part 2) journal article Peter Sheridan European Procurement & Public Private Partnership Law Review, Volume 4 (2009), Issue 3, Page 20 PFI/PPP Disputes (Part 2) IX. SPV sub-contracts: Equivalent Project Relief (EPR) provisions The purpose of EPR provisions is to provide the SPV with back-to-back obligations in its sub-contracts. These provisions include provision to the effect that payment will not be made by the SPV to its sub-contractors until after the SPV has received payment from the Authority. The amounts to be paid to sub-contractors by the SPV in respect of particular ma
PFI/PPP Disputes (Part 1) journal article Peter Sheridan European Procurement & Public Private Partnership Law Review, Volume 4 (2009), Issue 2, Page 12 I. Introduction It is now over 13 years since the first public finance initiative/public private partnership (“PFI/PPP”) projects were completed in the UK and there were, as at the end of 2008, some 935 PFI/PPP1 projects worth over £66 billion. The number of projects and the time over which they have been operating enable some assessment to be made of where problems are emerging or are likely to emerge and what the nature of those problems is likely t
Estimated Value vs Final Contract Value in Works Public Procurement – What Causes the Discrepancy? Marko Turudić, Melko Dragojević