Best Value

– Scottish Parliament written question – answered on 27th September 2001.

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Photo of Tommy Sheridan Tommy Sheridan SSP

Question S1O-3838

To ask the Scottish Executive whether private finance initiative and public/private partnership projects offer best value to Scotland’s citizens.

Photo of Angus MacKay Angus MacKay Labour

Our policy is that private finance initiative (PFI) should only be used where it represents best value for money. To test for value for money, bids received are compared to a public sector comparator (PSC) which represents an estimate of the whole life cost of procuring of the specified services by conventional means. A study by Arthur Anderson on behalf of HM Treasury showed that average estimated saving against the PSC of the projects examined was 17 per cent.

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