What if the PFI contractor goes bust?
There is a direct agreement between the Trust and the people who fund the project (the banks, etc.) that ensures the interests of the Trust are protected in the event the private finance partner goes into liquidation. The Trust will take great care in selecting the private finance partner. We will investigate their financial position and that of any holding company to ensure they have the resources to support the project. The banks will also take great care to assess the quality of the private finance partner and their proposals before agreeing to provide the money to fund the development.
Related Questions
- The authority has entered into a PFI scheme with a contractor for school meals, rates, repairs and maintenance. The contribution cannot be split into the codes you show so what will we do?
- If a Contractor does not utilize VSC, how should the payment of IFF be identified if they are paying via check or other electronic submission?
- What if the PFI contractor goes bust?
