You ain't seen nothing yet

Article Abstract:

The Private Finance Initiative (PFI) project has been set up by the UK government to sell around 18 million sq ft of Benefit agency property valued at some 4 billion pounds sterling. The PFI was initiated to help reduce the costs of public sector capital expenditure on buildings for government departments. Companies taking on the provision of office buildings for the government are expected to manage and maintain the property in exchange for a guaranteed lease agreement. The Labour government may change the way the PFI committee operates and use expert advice in preference to a quango.

Commercial and Institutional Building Construction, Nonresidential construction, not elsewhere classified, Government Buildings NEC, Privatization, Privatization (Business), Government property

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A window of opportunity

Article Abstract:

The Labour government intend to use the Private Finance Initiative to help pay for new construction projects for the UK health sector. Some private companies fear that the new government will not compensate property companies for the many schemes which will no longer go ahead. The government has ruled that local authorities may use 5 billion pounds sterling of their capital receipts to pay for new social housing projects. Relationships between the leaders of industry the government may be threatened if the Private Finance Panel is abolished.

Public Finance Activities, National Government Finance, New Public Construction, Construction, Public finance, Government spending policy, Government consultants, Public contracts, Government contracts

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Under one roof

Article Abstract:

Simons Estates has a turnover of 120 million pounds sterling, with about 20 companies providing 80% of their business. The company is planning to work on a 100 million pounds sterling retail development in Swansea, Wales. The company was mainly involved in distribution and retail development in 1997, although they have undertaken some leisure projects which have won prizes. Simons Estates is based in the UK, it is a family run company and has been operating for 50 years.

Building Construction, Construction industry, Buildings, Company Profile, Simons Estates

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