References

1 Infrastructure Procurement: delivering long-term value, HM Treasury, March 2008 at pages 4-5. (http://www.hm-treasury.gov.uk/d/bud08_procurement_533.pdf)

2 PFI in school building-does it influence educational outcomes?, KPMG, 2009 (http://www.kpmg.com/Global/IssuesAndInsights/ArticlesAndPublications/Pages/PFI-in-School-Building.aspx)

3 As detailed in endnote [1], at page 5.

4 Review of Large Public Procurements, Mott MacDonald, July 2002, Table 3, at page 14.(http://www.hm-treasury.gov.uk/d/7(3).pdf)

5 As noted in several places in the Mott MacDonald report (see endnote [4]), for example at page 18 "The data collection process revealed difficulties with respect to gathering information on operating expenditure and benefits shortfall. Firstly, data on operating expenditure and benefits shortfall was broadly unavailable, and, secondly, determining benefits shortfall was based on personal interpretation as benefits estimated at business case were not clearly defined."

6 PFI: Construction Performance, National Audit Office, 5 February 2003 (http://www.nao.org.uk/publications/0203/pfi_construction_performance.aspx)

7 At page 11.

8 At page 11, referring to a study published in December 1999 "Benchmarking the Government Client Stage 2 Study".

9 Details in endnote [4].

10 At page 25 of the Mott MacDonald report detailed in endnote [4].

11 At page 14 of the NAO report detailed in endnote [6].

12 Modernising Construction, National Audit Office, 11 January 2001 (http://www.nao.org.uk/publications/0001/modernising_construction.aspx)

13 Details in endnote [8].

14 At page 4.

15 As noted by the Environment Agency-see http://www.environment-agency.gov.uk/homeandleisure/floods/105004.aspx

16 As noted in the Holyrood Inquiry: A Report by the Rt Hon Lord Fraser of Carmyllie QC on his Inquiry into the Holyrood Project", Scottish Parliament-SP Paper 205, 15 September 2004 (http://www.scottish.parliament.uk/vli/holyrood/inquiry/sp205-00.htm)

17 As reported in Britain's costliest library must balance the books: The final chapter for the country's most expensive public building to be built this century, Financial Times, 25 June 1998, page 9.

18 As reported in Cost Over-runs, Funding Problems and Delays on Guy's Hospital Phase III Development, National Audit Office, 10 June 1998, in paragraph 1 on page 1. This report also documents the other problems experienced with the use of the traditional procurement method for that project.

19 As reported in the NAO report detailed in endnote [18], in paragraph 8 on page 2.

20 As noted throughout the Mott MacDonald report (see endnote [4]).

21 As reported in PFI: strengthening long-term partnerships, HM Treasury, March 2006.

22 At page 1.

23 The Termination of the PFI Contract for the National Physical Laboratory, National Audit Office, 10 May 2006, Table 2 on page 5 (http://www.nao.org.uk/publications/0506/the_termination_of_the_pfi_con.aspx )

24 As reported in "Sick dog put down", Project Finance International, 26 August 2009.

25 As reported in "McApline profit wiped out by Dudley Hospital losses", Contract Journal, 24 August 2005, page 2.

26 As reported in "Delays on PFI schemes hit construction giant in the balance sheet", IJ Online, 19 April 2005.

27 Improving public transport in England through light rail, National Audit Office, 23 April 2004, at paragraph 2.35 on page 25 (http://www.nao.org.uk/publications/0304/improving_public_transport.aspx)

28 The Re-negotiation of the PFI-type deal for the Royal Amouries Museum in Leeds, National Audit Office, 18 January, at paragraphs 5 and 6 on page 2 (http://www.nao.org.uk/publications/0001/royal_armouries_museum_in_leed.aspx)

29 In large part due to losses sustained under PFI contracts-as reported in "Shareholders wiped out in Jarvis debt restructuring", The Independent, 24 May 2005 (http://www.independent.co.uk/news/business/news/shareholders-wiped-out-in-jarvis-debt-restructuring-491864.html)

30 Making Changes in Operational PFI Projects, National Audit Office, 17 January 2008 (http://www.nao.org.uk/publications/0708/making_changes_operational_pfi.aspx )

31 At page 4.

32 At page 5.

33 At page 5.

34 PFI: Strengthening long-term partnerships, HM Treasury, March 2006, page 1 (http://www.hm-treasury.gov.uk/d/bud06_pfi_618.pdf)

35 As noted in the 2008 Treasury paper (see endnote [1]), at para 1.11 on page 7.

36 As discussed in detail in the 2008 Treasury paper (see endnote [1]), at paras 2.12-2.35 on pages 16-25.

37 All of these methods are also discussed in Building Flexibility: New Delivery Models for Public Infrastructure Projects, Deloitte & Touche LLP, 2008 (http://www.deloitte.com/assets/Dcom-UnitedKingdom/Local%20Assets/Documents/UK GPS Building flexibility.pdf).