Benchmarking and Market Testing the Ongoing Service Component of PFI Projects
HC 453, Report by the Comptroller and Auditor General, Session 2006-2007
- National Audit Office (NAO)
- TSO (The Stationery Office)
Of the 500 Private Finance Initiative (PFI) contracts that are in the operational stage, over half have a provision for periodically testing the value of certain services such as catering and cleaning. In most contracts the exercise will be undertaken every five to seven years and the value testing could be done either by benchmarking or market testing.
This report, 'Benchmarking and Market Testing the Ongoing Service Component of PFI Projects (HC 453)', is based on an examination of the contractual provision of 34 PFI contracts to assess their expected effectiveness. In addition, 11 projects that had already undertaken value testing were also examined. It was found that some of the initial cases of value testing showed value for money was being achieved but in other cases the outcome was uncertain.
|Format||Paperback||Published||06 Jun 2007|
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