The two orders are being taken together. I am entirely happy with the first one, which seems to be a very sensible tidying-up of the situation. On the second one, which basically deals with PFI, I am sure that the Minister will be aware that PFI is a highly controversial topic at the moment, not only with Private Eye but with House of Commons committees. It would not be beyond the wit of man if, as we speak, HM Treasury was looking at the details of PFI to see how it could be improved.
PFI contracts normally contain three elements: the management of the project, the finance and the construction. One of the issues here is that the construction element is to some extent being brought into the financing, and the arguments for this order go to how PFI contracts are financed. I am happy to support the order, but it would be helpful if the Minister could assure us that when HM Treasury completes its review of existing PFI contracts and the future procedures for PFI, this will be on the table again so that, if it is necessary as a result of that exercise to look again at this issue, that will be done. This does not have to be the end of the story. It may well be that that is not necessary, but if there is currently a review—not only by Private Eye, as I say, but by a more salubrious body—this should still be on the agenda if necessary.
Construction Contracts (England) Exclusion Order 2011
Proceeding contribution from
Lord Razzall
(Liberal Democrat)
in the House of Lords on Wednesday, 7 September 2011.
It occurred during Debates on delegated legislation on Construction Contracts (England) Exclusion Order 2011.
Type
Proceeding contribution
Reference
730 c72GC 
Session
2010-12
Chamber / Committee
House of Lords Grand Committee
Librarians' tools
Timestamp
2023-12-15 21:06:37 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_766865
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_766865
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_766865