| Variables | Observations | Default Value/Range | |
Transaction |
| Stage 2 | Stage 1 | |
| 12. Public Sector Costs | These represent the costs incurred by the public sector in reaching contractual agreement. The PFI costs have a minimum level of £750k as a minimum level of costs will arise regardless of the size of the project. Public sector transaction costs should be developed in conjunction with the technical and other advisors. There should be significant reliance on evidence-based inputs. | N/A | N/A |