2018 Report details for project: Priority School Building Programme - Private Finance

Project name: Priority School Building Programme - Private Finance - there are 4 reports for this project: 2015, 2016, 2017, 2018
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Organisation: DFE (D6) - see all reports for this organisation
Report year: 2018 (data is from Sept 2017)
Category: Infrastructure - see all reports for this category
Description: Delivering 46 schools in the worst and most urgent need of rebuild using HMT's PF2 approach.
DCA (RAG): Green
DCA text: Private Finance team continue to closely monitor contractor performance to ensure schools are handed over to schools in suitable condition. To date construction is complete on 45 of the 46 schools and the remaining school is ahead of schedule. We do not anticipate any further delays as construction is almost complete
Start date: 2011-07-19
End date: 2043-07-01
Schedule text: No deviation from planned schedule. Schedule nearly complete and no anticipated delays
Baseline: £186.50m
Forecast: £190.10m
Variance: 2.00%
Variance text: Budget variance less than 5%
Whole Life Cost: £2,652.00m
WLCost text: The CDEL forecast changed in 2017/18 as it now include the CDEL scores for the Aggegator Vehicles's (AV)) own financial assets (loans to Borrower SPVs). DfE reached agreement with HMT in Autumn 2016 that the AV had a net CDEL score through removing the CDEL score for the AV's financial liabilities.
Notes1: PSBP Private Finance
Sourcefile: IPA_2018.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.