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Delegated limits for capital investment - revision to cover use of leases
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Last modified date:15 February 2007
Equipment leases are treated in much the same way as IM&T, ie measured in terms of whole-life cost. Property leases are valued at the lower end of the property's worth, estimated as though it were available freehold and with vacant possession, and the whole-life cost over the proposed lease. Leased office accommodation in London and the South East exceeding 2000m2 requires Treasury approval, regardless of value. Details of the Trust, PCT, SHA and DH delegated limits are provided.
Later guidance on SOC and OBC approvals supersedes the relevant sections of this guidance. The April 2005 version of the PFI FBC checklist supersedes the appended checklist.
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