Image from Google Jackets

HM Treasury tendering and benchmarking in PFI sixty-third report of session 2006-07 [electronic resource]

By: Language: English Series: HC ; 754Publication details: London TSO 2007Subject(s): LOC classification:
  • 336.39 $2 18
Online resources:
Partial contents:
Summary -- Conclusions and recommendations -- Maintaining competitive tension in the tendering and value testing of PFI deals -- Time and cost implications of tendering and negotiations -- Skills and expertise in public sector teams
Summary: Investigates whether concerns over the PFI tendering process are starting to be addressed. Also highlights the initial experiences of a small number of PFI projects that conducted value testing up to summer 2006. Reveals that there has been no improvement in tendering times, risks to value for money are being taken with one third of public sector teams making changes to PFI projects after selecting a single bidder, and there is a significant lack of skills and experience in public sector PFI teams. Also shows that benchmarking and market testing have increased prices by up to 14% and that since 2004 the proportion of deals attracting only two bidders has more than doubled, increasing the risk of no competiton.
Holdings
Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 141588-2001

Summary -- Conclusions and recommendations -- Maintaining competitive tension in the tendering and value testing of PFI deals -- Time and cost implications of tendering and negotiations -- Skills and expertise in public sector teams

Investigates whether concerns over the PFI tendering process are starting to be addressed. Also highlights the initial experiences of a small number of PFI projects that conducted value testing up to summer 2006. Reveals that there has been no improvement in tendering times, risks to value for money are being taken with one third of public sector teams making changes to PFI projects after selecting a single bidder, and there is a significant lack of skills and experience in public sector PFI teams. Also shows that benchmarking and market testing have increased prices by up to 14% and that since 2004 the proportion of deals attracting only two bidders has more than doubled, increasing the risk of no competiton.