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] Find out more
[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.
[edit] External references
Featured articles and news
Amendment to Bill aims to provide councils with greater powers to increase tax premiums on empty homes.
As the latest summer blockbuster 'Skyscraper' is released, we look at some of the best uses of buildings in film.
Read our introductory article on how to layout a building.
New cross-party report calls for combustible cladding ban to be extended to all high-rise residential buildings.
Dr Nicholas Falk, director of the URBED Trust, explains why metro cities are the future of urbanisation.
From next week, UK firms can bid for a share of a £12.5m fund to boost productivity, performance and quality.
A right to light generally refers to the right to receive sufficient light through an opening.
Interference and compatibility - the effects of electromagnetic fields in the workplace.
Important action is being taken to inspire young people to train as engineers.
A survey of Leicester’s historic buildings resulted in local listing being taken more seriously.