Business, Energy and Industrial Strategy

Draft Construction Contracts (England) Exclusion Order 2022

That means that if this works, and we have confidence that it will, the risk to the public purse is minimised because companies pay on results, not on proposal, and because a set of companies and individual actors will be entering into a contract to ensure that they price the risk of delivery appropriately and deliver it to get a long-term revenue source from the Government.

An error has been identified in my response to the debate.

The correct response should have been:

That means that if this works, and we have confidence that it will, the risk to the public purse is minimised because companies pay on results, not on proposal, and because a set of companies and individual actors will be entering into a contract to ensure that they price the risk of delivery appropriately and deliver it to get a long-term revenue source from a water company and its customers.

The order, however, relates to the arrangement between two private parties—the water companies and first-tier building contractors—though admittedly for a piece of infrastructure that will be important to the citizenry of the United Kingdom.

An error has been identified in my response to the debate.

The correct response should have been:

The order, however, relates to the arrangement between two private parties—the water companies and SPVs—though admittedly for a piece of infrastructure that will be important to the citizenry of the United Kingdom.