4.50 Although both IT PFI projects and other PFI projects involve the provision of capital assets (whether buildings or IT applications, systems or networks), the costs of delivering IT projects are dominated by the annual running costs associated with delivering the service requirement, rather than by the up-front costs of investment in the project assets. In a typical IT project, project assets often account for less than a third of the present value of projects; in a non-IT PFI project, this fraction is usually considerably higher.