5.27 The successful delivery of the Government's PFI investment programme requires an effective partnership between the public and private sectors. It is central to this partnership to ensure that the PFI procurement process runs smoothly, that there is sufficient capacity in the public sector to act as an effective client and a matching capacity in the private sector to deliver what is required of it and confidence on both sides that the partnership rests on a sustainable base.
5.28 For the private sector, the drive to improve capacity in the public sector means:
• a more certain market in PFI, which runs without delay;
• smoother deal flow, and so the confidence that the market is sustainable; and
• reduced transaction costs on PFI, improving their ability to bid for projects, and so improving competition and value for money for the public sector as well.