Private developer scheme
A private developer scheme (PDS) is a form of public procurement in which the construction of a built asset is undertaken and funded by a private developer, but the asset is then occupied by the government, who pay rent to the developer for a minimum term under a leasehold agreement. The level of the rent is generally a function of the total development costs (including the land).
Private developer schemes are a form of partnering, which can sometimes involve the transfer of public land to a private developer. They are typically used to procure public buildings such as courts or hospitals. They are best suited to projects where the residual value of the development at the end of the lease is high.
Private developer schemes differ from private finance initiative (PFI) schemes in that the developer does not generally operate the completed development, and under PFI schemes, at the end of the lease, the development generally reverts to public ownership.
Private developer schemes may fall under the requirements of EU procurement rules. See OJEU for more information.
[edit] Related articles on Designing Buildings Wiki
- Crown build.
- Investment Property Databank (IPD).
- OJEU.
- Private finance initiative.
- Procurement route.
- Public private partnership.
- Public procurement.
- Public project definition.
- Types of development.
[edit] External references
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
Sir Edwin Lutyens: Britain's greatest architect? Book review.
CIOB publishes free template to help assess and manage risks.
ECA's reflections on Party Conference season
Burnham wants to be confident of winning before asking for a fresh mandate.
New Chief Construction and Scientific Adviser
Sergio Cavalaro, Professor of Infrastructure Systems at Loughborough University.
Building safety levy for England
CIAT publish estimator tool for members.
Water sector faces a growing crisis that could slow the delivery of vital infrastructure.
Undervaluing our industrial past
Heritage value changes as taste for building styles changes.
Changing expectations around competence and compliance
New information sheet from CIAT.
Grenfell investigation files passed to CPS
Angela Rayner apologises on behalf of the British state.
Electrical contractors need to understand the practical implications.
The real barrier to getting more value from digital technology.
Your guide to The Construction Reset at UKCW Birmingham.