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Improving the PFI tendering process: (2006-07 149 House of Commons Papers)

Improving the PFI tendering process: (2006-07 149 House of Commons Papers)

          
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About the Book

This NAO report has arisen out of concerns highlighted in a report by the Committee of Public Accounts in 2003 (HCP 764, session 2002-03, ISBN 9780215011244) that the tendering of Private Finance Initiative (PFI) projects did not follow good practice and was not handled with sufficient skill on the part of the public sector, incurring high costs and risking value for money. New European Union procurement rules reinforce the need for best practice in the future. This report examines the tendering process for all central Government Department PFI projects in England that closed between April 2004 and June 2006, including PFI schools and hospital projects. During this period, PFI projects took an average of almost three years (34 months) to tender. Although there was substantial variation between sectors, for example schools projects took significantly less time to close deals (25 months), the average tendering period was no better than in the period 2000-03 for any of the sectors examined. The report considers measures taken by the Government to improve the PFI tendering process, such as the use of standardised contractual guidance, and makes a number of recommendations to build on this, including the introduction of testing target times backed up by improvements in project management and better use of existing expertise across government.


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Product Details
  • ISBN-13: 9780102944563
  • Publisher: Transforming Press
  • Publisher Imprint: Vision Books
  • Height: 300 mm
  • No of Pages: 35
  • ISBN-10: 0102944563
  • Publisher Date: 08 Mar 2007
  • Binding: Paperback
  • Language: English
  • Series Title: 2006-07 149 House of Commons Papers


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