In PFI, a private sector partner is awarded a contract to design and build a school and then to operate and maintain that school, usually for 25 years or more. This includes providing related services. Often, that private sector partner comprises a consortium of organisations working together and co-ordinated under one umbrella. This is called a special purpose vehicle (SPV). The SPV is also responsible for raising the necessary finance for the project.
Where a PFI contractor delivers to schools effective, serviced accommodation to an agreed service standard the burden on school management can be eased. Schools should, therefore, have more scope to concentrate on delivering the curriculum and on raising levels of educational achievement. And, at the end of the contract, schools are returned to the local authority in the same condition in which they were first built.
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