Equivalent project relief provisions
In private finance initiative (PFI) contracts, equivalent project relief (EPR) provisions offer a mechanism for contractors to enforce back-to-back risk transfer down the supply chain.
Also known as ‘EPR clauses’, they are used as overarching provisions in PFI contracts to preserve the liquidity of the PFI project company by ensuring the rights and obligations of the sub-contractor are tied to those of the PFI project company under the project agreement. This is intended to ensure that the entitlement of the sub-contractor will be no greater and no less than that of the PFI project company.
EPR provisions were often used a way of getting around the prohibited ‘pay-when-paid’ provision under the Housing Grants, Construction and Regeneration Act (HGCRA). However, this has been challenged in cases such as Midland Expressway Ltd v Carillion Construction Ltd & Others [2005]. As a result, EPR provisions are often quite elaborate and complex mechanisms which may, under scrutiny, be found to be unforceable if they are interpreted as undermining the purpose of HGCRA.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Net zero electricity grids BSRIA guide NZG 5/2024
Outlining the changes needed to transition to net zero.
CIOB Global Student Challenge 2024
Universitas Indonesia wins for second year running.
New project and cultural district described in detail.
The nature of EPCs, crticism and inaccuracies.
History, issues and redesign.
From waste recycling to energy performance the hierchy.
An introduction to WERCS and WEEE responsibilities
Dealing 2 million tonnes of waste equipment a year.
Global BACS Market: analytics and optimisation
A BSRIA glance at building automation and control systems.
What it is and how to use it.
Types of insulating plaster by binder and insulant.
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.