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Keith Clarke in his own words

PFI has a long way to go before it is mature and stable. What is interesting is that contractors have moved from being seen as people to remove from the PFI landscape as soon as possible, then to being seen as a necessary evil, and now to being regarded as an intrinsic part of the PFI equation.

We as an industry have moved from asking 'Why can't we have more road contracts?' to a real debate about how we can improve public infrastructure using PFI with sensible risk transfer.

Personally, I would hate to lose the ability to bid jobs competitively entirely. If everything was negotiated, we would go soft. We would all probably go out of business in three years.

We are not interested in the old claims culture that says 'See you in court in eight years' time'. If that is the way the client wants to play it, that is what he will get. But we don't want to do that any more.

Construction is not like some parts of the IT industry that can disappear, almost overnight, when products become outdated. Construction will be there when other sectors' bubbles burst.