Question 42

What degree of financial transparency should be adopted for future privately financed and delivered assets and services?

SFT considers that greater financial transparency should be a feature of future projects and has included a restricted list of commercially sensitive information that can be withheld in Part 26 to the Schedule of the Standard Agreement and timescales for its sensitivity9. This includes (for example) for protection of a Financial Model only for two years following completion of the asset. 

Furthermore, SFT considers that ongoing routine publication of financial and performance information in the form of performance reports received from the provider should be more widespread within public sector client organisations.




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9 http://www.scottishfuturestrust.org.uk/docs/434/Standard%20Form%20Project%20Agreement%20(NPD%20Model).doc