The expiry of long-term PFI contracts and the hand-back of assets to the public sector may seem like a daunting challenge. However, this can also be an opportunity for the public sector to review its service delivery strategy, consider how the transferring assets fit into the wider estate strategy and how they contribute to wider net-zero carbon ambitions. Knight Frank has the expertise to support this process by:
- Reviewing contract documentation
- Identifying handback criteria
- Procuring and carrying out condition surveys
- Carrying out a strategic estates strategy
- Providing facilities options analyses for use of assets post-expiry e.g. retain, lease to third party, dispose
- Providing asset valuations
- Advising on asset disposals/redevelopment
- Carrying out options appraisals for delivery of support services post-expiry
- Procurement of support services post-expiry