Power Purchase Agreement (PPA) is a contract between an electricity generator (generator) and the party who is purchasing the power (offtaker) which incorporates the commercial terms for the sale and purchase of electricity for a project

This diagram shows the structure of a project procured using PPC 2000. This is a unique structure,

The concept of partnering developed as a result of the criticisms levelled at relationships in the construction industry by the Latham and Egan reports in the 1990s. Partnering emphasises collaborative working arrangements and continuous improvement through the measurement of performance and long term relationships and aims to avoid some of the problems that arise out of ‘traditional’ building contracts which, in some respects, seem to anticipate failure rather than promote success and improvement. PPC2000 is a standard form construction contract which embodies many of the partnering principles whose virtues were extolled by Latham. See Practice Note: Partnering. PPC2000 was commissioned by the Association of Consulting Architects (ACA) and written by Trowers & Hamlin LLP. It was first published in 2000 and subsequent editions have been published in 2003, 2008 and 2013. It was the first standard form partnering contract. The contract can, theoretically, be used for any type of project and in any jurisdiction. In the UK, PPC2000 is widely used in the public sector (particularly in relation to social housing projects) but has also been adopted on projects in

A multi-party partnership contract intended to promote the development of a non-adversarial relationship. Published by the Association of Consultant Architects (ACA).

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 and cost consultants: the design consultants will produce preliminary designs

This Practice note sets out the timeline of a PPC2000 contract. It looks at what happens when the various contracts are entered into and when other key documents are developed/finalised. For more detail regarding the style and structure of the PPC2000 contract, the partnering ethos behind it and the features which differentiate this contract from other industry standard forms, see Practice Note: PPC2000. Stage 1—Pre-contract Initial actions of the Client The Client must assemble the initial Partnering Team. At this stage the Partnering Team is likely to comprise of the Client itself, the Constructor, the Client’s Representative, at least one designer, a cost consultant and possibly one or more Specialists. The Client must produce: • The Project Brief The Project Brief sets out the Client’s requirements in respect of the project. This may be in performance terms—ie what it wants the project to do—or, if established, prescriptive terms. The information in the Project Brief will include all the information that is available in relation to the project and the site, the Client’s expectations in respect of the various parties, the Client’s

Personal Protective Equipment

Law360, London: A medical equipment company linked to Conservative peer Baroness Mone must repay the government £122m after it provided unsafe surgical gowns during the early days of the coronavirus (COVID-19) pandemic, a court ruled on 1 October 2025.

Pension Protection Fund—a fund offering compensation to those pension scheme members affected by insolvencies with an underfunded pension scheme.

An index of 7,800 pension funds prepared by the PPF (Pension Protection Fund) showing the aggregate funding position; it demonstrates funding volatility – in March 2008 funds showed a deficit of £23bn, and in April 2008 a surplus of £30bn – which is a problem for the PPF but not for funds.

The Pension Protection Fund (PPF) has updated its retirement factors used to calculate how much it needs to pay its members depending on how they receive their payments, such as whether they take early or late retirement. Due to recent changes in financial markets, the PPF has reviewed its factors and made some changes to its calculations, which will come into effect for anyone retiring on or after 1 November 2024.

The Pension Protection Fund (PPF) has announced that the Department for Work and Pensions, along with the Governments Actuary’s department, have reviewed the existing FAS factors in light of external developments (such as movements in financial markets) and have concluded it is appropriate to update them. The updated factors will be intorduced from 1 December 2024.