We found that DET's requirements were clearly defined from the outset. Its objectives included a faster supply of schools, possible cost savings, innovation and simplified services management.
In mid 2000 DET indicated to its advisors that it was interested in reviewing the possibility of a PFP for the following reasons. A PFP:
■ draws on the recurrent rather than capital budget and helps smooth out funding requirements (as payments are made each month, rather than as lump sums)
■ allows a faster supply of schools instead of staging the developments (as capital costs could be spread over a long term)
■ may generate cost savings
■ provides the potential for innovation and more efficient use of resources
■ potentially simplifies management due to the opportunities for combining all services, other than teaching and administration, within a single entity.