Last edited 31 Dec 2016

Unitary payment

The Code of Estimating Practice, seventh edition, published by the Chartered Institute of Building (CIOB) in 2009 suggests the term ‘unitary payment’ refers to:

‘…the payment by the awarding authority to the project company for the provision of the facility’.

The term ‘unavailablity’ refers to, ‘…the test for determining deductions from (the) unitary payment by reference to standards for the provision of the facility for private finance initiative (PFI) projects.’

The ‘awarding authority’ is, ‘…the public sector body (department agency, NHS trust, local authority, etc.) which is procuring a service through the private finance initiative.

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