Performance of PFI Construction

A REVIEW BY THE
PRIVATE FINANCE
PRACTICE

OCTOBER 2009

Performance of PFI Construction

Our vision is to help the nation spend wisely.

We promote the highest standards in financial management and reporting, the proper conduct of public business and beneficial change in the provision of public services.

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The National Audit Office scrutinises public spending on behalf of Parliament. The Comptroller and Auditor General, Amyas Morse, is an Officer of the House of Commons. He is the head of the National Audit Office which employs some 900 staff. He and the National Audit Office are totally independent of Government. He certifies the accounts of all Government departments and a wide range of other public sector bodies; and he has statutory authority to report to Parliament on the economy, efficiency and effectiveness with which departments and other bodies have used their resources. Our work leads to savings and other efficiency gains worth many millions of pounds: at least £9 for every £1 spent running the Office.

This report has been printed on Consort 155

Design & Production by
NAO Marketing & Communications Team
DP Ref: 009145 | Printed

Construction performance is central to achieving the Government's delivery of capital projects. This report examines how PFI, one of the procurement options available to public officials, performs to contracted timetable and to price.

This review was conducted by

Mehalah Beckett, Susannah Drazin, David Finlay, Hannah Kingsley-Smith, Nathan Martin, Rachel Neathey, James Robertson and Mark Wynniatt.

For further information about the
National Audit Office please contact:

National Audit Office
Press Office
157-197 Buckingham Palace Road
Victoria
London
SW1W 9SP

Tel: 020 7798 7400
Email: enquiries@nao.gsi.gov.uk

© National Audit Office 2009