This part sets out the challenges faced by public authorities:
• in managing the tendering process;
• in managing the post contract phase of PPP contracts.
5.1 The need for better management of projects is a prevalent theme of the National Audit Office's work across Government. PPPs raise particular challenges arising from their complex commercial relationships that require specialist skills to manage. These initially affect the outcome of the tendering process. Thereafter, however good a contractual deal is, it is highly unlikely to achieve VFM if it is managed poorly. This part sets out the challenges to managing private finance projects well.