Managing complex capital investment programmes utilising private finance
To manage complex capital investment programmes utilising private finance each department must undertake six functions: Implement and influence PPP, PFI and commercial policy Manage PPP and PFI...
View ArticleMinistry of Defence: Delivering multi-role tanker aircraft capability
The National Audit Office has been unable to conclude that the Ministry of Defence has achieved value for money from the procurement phase of its £10.5 billion private finance deal for the Future...
View ArticleThe performance and management of hospital PFI contracts
The National Audit Office reports today that most PFI hospital contracts are well-managed and the evidence indicates that they are currently achieving the value for money expected when the contracts...
View ArticlePFI in housing
The use of PFI by local authorities to improve housing, usually in areas with a high need for housing and where stock condition is particularly poor, has had a measure of success. However, according to...
View ArticleFinancing PFI projects in the credit crisis and the Treasury’s response
The National Audit Office has concluded that, by setting up an Infrastructure Financing Unit, HM Treasury helped reactivate the lending market for private finance projects which was putting government...
View ArticleLessons from PFI and other projects
The NAO has concluded that lessons from the large body of experience of using PFI can be applied to improve other forms of procurement and help Government achieve its aim of securing annual...
View ArticleEquity investment in privately financed projects
Equity investors have helped to deliver many public sector infrastructure projects via the Private Finance Initiative and have managed them in ways from which the public sector can learn. Against a...
View ArticleSavings from operational PFI contracts
In July 2011, the Government announced plans to deliver £1.5 billion of savings across operational Private Finance Initiative (PFI) projects in England. The initiative is co-ordinated by HM Treasury...
View ArticleReview of the VFM assessment process for PFI
The Treasury Committee asked the National Audit Office to undertake an analysis of the VFM assessment process and model for PFI. The assessment process combines a quantitative and qualitative approach...
View ArticlePFI and PF2
This report presents information on: the rationale, costs and benefits of the Private Finance Initiative (PFI); the use and impact of PFI, and ability to make savings from operational contracts; and...
View Article
