Analytical Framework

1  Our report Examining the value for money of deals under the Private Finance Initiative gives details of how we examine PFI projects. In the course of our examination of PFI deals, we have developed an analytical framework which seeks to cover comprehensively the key value for money issues to which these projects give rise.

2  Our analytical framework is presented below. This illustrates that the aim of procuring departments should be to get a good deal for the taxpayer. This overarching aim needs constantly to be kept in view during what can be a very long procurement process. The overarching aim of getting a good deal is supported by the four pillars of:

  setting clear objectives;

  applying proper procurement processes;

  getting the best deal available; and

  ensuring that the deal makes sense.