The delivery of services to a given facility, such as cleaning, pest control, waste management, etc. which provide a safe and efficient working environment. In BSF, the LEP will normally provide these services, known as FM.
The tenders submitted by remaining participants, in response to the ITSFT, once the dialogue phase has been concluded and which must include all elements necessary for the performance of the contract. Final tenders should be based on the solution(s) identified in the dialogue phase.
The document produced by the local authority and submitted to PfS and DCSF for formal approval to fund the project, which is required before Commercial and Financial Close of the contract. The function of the Final Business Case (FBC) is to confirm that the original project specification set out in the Outline Business Case remain relevant, and that the final project is affordable within the identified funding parameters.
The point at which the interest rate is fixed on the bank debt taken out by the bidder to finance the project, and effectively signals the end of the procurement and the commencement of works to deliver the local authority's BSF programme. Follows Commercial Close.
More about Financial Close on this website...
PfS provides each local authority within the BSF programme with a funding "envelope" for a group of schools in a given wave. This is calculated using the Funding Allocation Model (FAM), an Excel spreadsheet that calculates an overall funding envelope based on the recommended gross floor areas and the agreed projected number of pupils for the schools in that wave.
