House of Commons portcullis
House of Commons
Session 2002-03
Publications on the internet
Public Accounts Committee Publications

Public Accounts - Twenty-Eighth Report

Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 9 June 2003.


Terms of Reference


1. Choosing whether to go ahead with the PFI option

Assessment of options

The public sector comparator

Comparison with the best alternative option available

Financing costs

2. Striking a good deal

Ensuring competition

Evaluating bids

The cost of negotiating deals

The cost of advisers

3. Managing the contract

Adopting a partnership approach

Measuring performance

Maintaining pressure for value for money

Dealing with change

Sharing in windfall and refinancing gains

Improving project management skills

4. Safeguarding the taxpayer if the contractor fails to deliver

Conclusions and recommendations

Formal minutes

List of written evidence


Annex: Previous PAC Reports and Treasury Minutes on the PFI

List of Reports from the Committee of Public Accounts Session 2002-03

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Prepared 19 June 2003