7.5.1 General Principles

PFI and PPP contracts have traditionally attracted a high level of scrutiny and review. It is important that the Authority is aware of the level of monitoring and validation it will need to undertake to satisfy its auditors that it is managing the Contract effectively. 

The Authority's auditor may want to examine the performance of the Contract quite closely and therefore the Contract will normally include provisions that allow the Authority's auditor access to any information it may require to carry out an audit of the Authority's accounts or a value for money audit.