F0033 Operations Defined Cost NEC4 PSC Cost Reimbursable Audits

National Highways has 11 number 30-year Private Finance Initiative (PFI) contracts, known as Design Build Finance and Operate (DBFO) concessions/contracts. Eight of these contracts come to an end in 2026/27. The DBFO contracts contain a requirement for the DBFO Company to join with the Employer (National Highways) to conduct a number of Joint Inspections of the asset. National Highways determined in 2018 that it required external support to help with the Joint Inspections together with conducting the necessary duti...