HM Treasury-variations protocol for operational projects (entered into prior to standardisation of PFI contracts version 4)-2008

The aim of this guidance note is to help public sector authorities with PFI contracts to put in place a voluntary protocol for managing variations during the operational phase of their PFI projects where they consider one may be necessary. Two of the main purposes of negotiating a change protocol are to put in place an appropriate change mechanism process and to establish transparency of pricing where these are not clear in the contract. This will help to achieve value for money.