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PFI CONTRACTS
The ending of PFI contracts is predicted to require considerable effort from all concerned, including full-time staff with specialist skills, while also continuing business as usual, says Emma Thornton
Recruitment drive to prepare for PFI changes
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FIs are large, complex contracts with multiple stakeholders and influences. Many people work in the sector to provide long-lasting positive impact to communities around the UK who benefit from these crucial infrastructure projects. The sector provides unique opportunities for professional development, as projects span several years and the complexity requires input from many people with a wide range of expertise, from estates management to legal professionals. Many in the
sector have taken the opportunity to create extensive professional networks that benefit them to the end of their careers and allow them insight from various industries which they can use in their role.
Stability Bringing young professionals into this mix will diversify the sector more. Young people will benefit from working with experienced professionals on complex contracts with a steep learning curve, as well as taking on a role with direct impacts on lives
and communities. Rightly, people in the industry are concerned that as PFI contracts sunset the sector becomes more and more unattractive for new professionals. Vercity operations director Jon Brazier makes the positive case for young professionals and newcomers to the sector. “The PFI model is winding down,” he acknowledges, “however there will still be a requirement to deliver FM services, administer asset management and lifecycle programmes, and manage further projects post contract expiry.
September 2023
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