Guidance

DAO 02/14 early termination of contracts

'Dear Accounting Officer' (DAO) letters are used to provide specific advice on issues of accountability, regularity and propriety and annual accounting exercises.

• From: HM Treasury
• Published: 24 October 2014
• Last updated: 28 November 2018 — See all updates

Documents

DAO 02/14 early termination of contracts

PDF, 156 KB, 2 pages

Details

The government has announced that it will no longer use PF2, the current model of Private Finance Initiative (PFI) for new government projects. Existing PFI and PF2 contracts will not end because of this announcement.

DAOs supplement guidance is published in Managing Public Money.

Published 24 October 2014
Last updated 28 November 2018 + show all updates

1. 28 November 2018

   Updated with announcement: 'The government has announced that it will no longer use PF2, the current model of Private Finance Initiative (PFI) for new government projects. Existing PFI and PF2 contracts will not end because of this announcement'.

2. 24 October 2014

   First published.