CIOB Live Knowledge Practice Test

The main idea here is how public-private partnerships have evolved: PFI has been replaced for new work by PF2, so you don’t begin new projects under the PFI model anymore. In practice, that makes the statement true because government policy now uses PF2 for new schemes, while existing PFI contracts remain in place but aren’t used to start new deals.

Understanding this helps you see why the answer is correct: the move to PF2 was driven by aims to improve value for money, transparency, and risk handling, meaning new procurements don’t use PFI. There can be legacy projects that started under PFI and continue under their original terms, but those aren’t new PFI deals. In some regions outside the typical UK context, there might be different arrangements, but for current standard practice, PFI is not used for new projects.