76. A key benefit attributed to PFPs is that risk is transferred from the public sector to the private sector.
77. PFPs aim to allocate risks to the parties best able to manage them. This should lead to better management of risk overall which should be more cost efficient (NAO p 88). But not all risks can or should be transferred to the private sector. Dr Stone said: "You have to understand what risks both sides can and should manage and control" (Q 10).