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GLOSSARY

Partnering agreement definition

Published by a LexisNexis Construction expert

What does Partnering agreement mean?

An agreement between the parties' on a project where a partnering ethos has been adopted which sets out the parties’ agreed objectives and also records statements of intent as to how this will be achieved. The partnering agreement may be binding or non-binding and may relate to a single project or be a strategic, longer term agreement.

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PPC2000—Pricing and Risk

PPC2000—Pricing and Risk Introduction Project Partnering Contracts were conceived and drafted by Professor David Mosey PhD of King’s College, London whose research interests focus on the interdisciplinary relationships of construction law with the evolving practices of procurement and project management. This includes research into partnering, alliancing, joint ventures, and other models for collaborative working. The contracts are sponsored by King’s College and the Association of Consultant Architects. PPC2000 has been amended in 2003, 2008 and in 2013, the current version. There are thought to be no reported cases on PPC2000, an indication of its effectiveness or possibly its limited use. Pricing under PPC2000 Pricing under the PPC2000 Partnering Contract follows a two-stage process which is intended to lead to transparency and cost certainty and encourage the identification of cost savings, added value and value engineering. The pricing process is divided between two phases: the pre-construction phase and the construction phase. Pricing during the pre-construction phase At the start of the pre-construction phase, the Client appoints design consultants...

Forms of Public Private Partnerships

Forms of Public Private Partnerships Note on public procurement post-Brexit The Implementation Period under the EU-UK Withdrawal Agreement came to an end on 31 December 2020 at 11:00 pm GMT (IP Completion Day), and all the changes introduced under the Public procurement (Amendment etc) (EU Exit) Regulations 2020, SI 2020/1319 to the existing EU-derived public procurement legislation have now come into force (with the exception of the amendments set out in Regulations 7, 9, 11 and 16). This Practice Note has been updated to take into account these post-Brexit changes. In addition, the UK government has published high-level guidance on public procurement post-Brexit, which has been updated after the IP Completion Day: Public procurement policy and Public-sector procurement. Overview Public Private Partnerships Public Private Partnerships (PPPs) should focus on promoting efficiency in public services. This can be done through risk sharing and utilising private sector expertise. Sources of capital which can be offered by the private sector can also relieve the pressure on public financing which is...

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