This report by the UK National Audit Office examines construction performance under the Private Finance Initiative. The report focuses on three key areas of construction: price certainty for departments; timing of construction delivery; and the quality of design and construction.
The report findings are based on a census of all Private Finance Initiative construction projects that were due to have been completed in 2002. The objective was to test whether the Private Finance Initiative delivers price certainty for departments and timely delivery of good quality assets.
The report finds that the census of projects generally supported the hypothesis. The majority of projects were delivered on time and at the agreed price to the public sector. This is better than has been achieved in the past by traditionally procured projects. However, it was not possible to judge whether these projects could have achieved these results using a different procurement route.