Equivalent project relief provisions - Revision history

Designing Buildings at 07:28, 27 November 2020

2020-11-27T07:28:06Z

← Older revision		Revision as of 07:28, 27 November 2020
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	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.		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.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Concession agreement.		* Concession agreement.
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	* Special purpose vehicles.		* Special purpose vehicles.

−	[[Category:Contracts_/_payment]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Contracts_/_payment]] [[Category:Procurement]]

Designing Buildings at 12:22, 14 February 2018

2018-02-14T12:22:53Z

← Older revision		Revision as of 12:22, 14 February 2018
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−	In private finance initiative (PFI) contracts, equivalent project relief (EPR) provisions ~~are ways~~ for contractors to enforce back-to-back risk transfer down the supply chain.	+	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~~. Where~~ the rights and obligations of the sub-contractor are tied to those of the PFI project company under the project agreement~~, the EPR clauses seek~~ to ensure that the entitlement of the sub-contractor will be no greater and no less than that of the PFI project company.	+	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 ~~as ways~~ of getting around the prohibited ‘pay-when-paid’ provision under the Housing Grants, Construction and Regeneration Act (HGCRA), ~~but~~ this has been ~~more tightly enforced~~ 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.	+	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.

	= Find out more =		= Find out more =

Editor at 12:09, 13 February 2018

2018-02-13T12:09:34Z

← Older revision		Revision as of 12:09, 13 February 2018
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	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

		+	* Concession agreement.
	* Fair payment practices.		* Fair payment practices.
	* Joint venture.		* Joint venture.

Editor at 16:11, 12 February 2018

2018-02-12T16:11:26Z

← Older revision		Revision as of 16:11, 12 February 2018
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	In private finance initiative (PFI) contracts, equivalent project relief (EPR) provisions are ways for contractors to enforce back-to-back risk transfer down the supply chain.		In private finance initiative (PFI) contracts, equivalent project relief (EPR) provisions are ways 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. Where the rights and obligations of the sub-contractor are tied to those of the PFI project company under the project agreement, the EPR clauses seek to ensure that the entitlement of the sub-contractor will be no greater and no less than the PFI project ~~company’s~~.	+	Also known as ‘EPR clauses’, they are used as overarching provisions in PFI contracts to preserve the liquidity of the PFI project company. Where the rights and obligations of the sub-contractor are tied to those of the PFI project company under the project agreement, the EPR clauses seek 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 as ways of getting around the prohibited ‘pay-when-paid’ provision under the Housing Grants, Construction and Regeneration Act (HGCRA), but this has been more tightly enforced 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.		EPR provisions were often used as ways of getting around the prohibited ‘pay-when-paid’ provision under the Housing Grants, Construction and Regeneration Act (HGCRA), but this has been more tightly enforced 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.
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	* Joint venture.		* Joint venture.
	* Partnering and joint ventures.		* Partnering and joint ventures.
−	* [[Midland_Expressway_Ltd_v_Carillion_Construction_Ltd_~~&_Others~~\|Midland Expressway Ltd v Carillion Construction Ltd & Others.]]	+	* [[Midland_Expressway_Ltd_v_Carillion_Construction_Ltd_%26_Others\|Midland Expressway Ltd v Carillion Construction Ltd & Others.]]
	* PFI.		* PFI.
	* PFIs and adjudication.		* PFIs and adjudication.

Editor at 16:10, 12 February 2018

2018-02-12T16:10:47Z

← Older revision		Revision as of 16:10, 12 February 2018
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	* Joint venture.		* Joint venture.
	* Partnering and joint ventures.		* Partnering and joint ventures.
−	* Midland Expressway Ltd v Carillion Construction Ltd & Others.	+	* [[Midland_Expressway_Ltd_v_Carillion_Construction_Ltd_&_Others\|Midland Expressway Ltd v Carillion Construction Ltd & Others.]]
	* PFI.		* PFI.
	* PFIs and adjudication.		* PFIs and adjudication.

Editor: Created page with "In private finance initiative (PFI) contracts, equivalent project relief (EPR) provisions are ways for contractors to enforce back-to-back risk transfer down the supply chain. A..."

2018-02-12T16:10:23Z

Created page with "In private finance initiative (PFI) contracts, equivalent project relief (EPR) provisions are ways for contractors to enforce back-to-back risk transfer down the supply chain. A..."

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In private finance initiative (PFI) contracts, equivalent project relief (EPR) provisions are ways 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. Where the rights and obligations of the sub-contractor are tied to those of the PFI project company under the project agreement, the EPR clauses seek to ensure that the entitlement of the sub-contractor will be no greater and no less than the PFI project company’s.

EPR provisions were often used as ways of getting around the prohibited ‘pay-when-paid’ provision under the Housing Grants, Construction and Regeneration Act (HGCRA), but this has been more tightly enforced 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.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Fair payment practices.
* Joint venture.
* Partnering and joint ventures.
* Midland Expressway Ltd v Carillion Construction Ltd & Others.
* PFI.
* PFIs and adjudication.
* PPP.
* Provisional sum.
* Special purpose vehicles.

[[Category:Contracts_/_payment]] [[Category:Procurement]]