The ABC of BSF and PFI
But here is how Building Schools for the Future (BSF) works using the main abbreviations:
BSF is overseen by Project Directors (PDs) from Partnership for Schools (PfS), a non-departmental public body (NDPB) jointly managed by the Department for Education and Skills (DfES) and Partnerships UK (PUK), which works with local authorities (LAs) to help them create a Strategic Business Case (SBC) with an Educational Vision (EV) which is updated through the Strategic Partnering Board (SPB), and then an Outline Business Case (OBC), which is approved by the Project Review Group (PRG); the LAs, PfS, and private sector partners (PSPs) then sign shareholder agreements (SHAs) which provide the basis for Local Education Partnerships (LEPs); the LAs sign Strategic Partnership Agreements (SPAs) with the LEPs and then advertise the Public Private Partnership (PPP) in the Official Journal of the European Union (OJEU) so PSPs interested in forming a Special Purpose Vehicle (SPV) to carry out the Private Finance Initiative (PFI) can obtain a Pre-Qualification Questionnaire (PQQ); the LEP or LA then produces a Project Initiation Document (PID) and finally a Final Business Case (FBC) is submitted before work can start. Clear now?
Further explanation can be found at www.4ps.co.uk