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<p>Facilities and building management services are provided to the Treasury under
a 35-year PFI Agreement with Exchequer Partnerships. The cost of these services, which
are delivered by Exchequer Partnership’s subcontractors, is included in the Unitary
Payment.</p><p>The Unitary Payment is uplifted annually by indexation. There is no
mechanism under the PFI Agreement to allow Exchequer Partnerships to increase the
Unitary Payment as a result of an increase to the National Living Wage, therefore
no such discussions have taken place.</p>
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