To carry out an independent valuation of QinetiQ at each key stage of the process (incorporation, PPP and flotation) based on the information available at that time.
To review critically valuations of QinetiQ undertaken at all stages of the process. These included valuations prepared by the Department's consultants and those supporting bids for the purchase of a stake in the business. This involved a review of the assumptions and methodology and an assessment of how appropriate these were.