1.2 This guidance outlines a process which starts by looking for evidence that PFI is likely to be a suitable procurement route that represents good VfM (see box 1.1). From this starting point, the guidance outlines key issues that procuring authorities need to consider in testing the suitability and VfM of PFI. The guidance ensures that all projects being considered for PFI across Government are assessed against the same criteria.
1.3 Procuring authorities should begin detailed assessments of the VfM of PFI projects at the earliest stage possible. While the appraisal of procurement options at the programme and project stage will inevitably involve some uncertainty, this guidance aims to provide procuring authorities with a rational and robust framework to consider whether PFI procurement will deliver VfM and how best to achieve it. Working through the assessment should provide a clear strategic direction, while allowing sufficient flexibility to take account of changes for individual projects.