Part 2 After an effective procurement the benefits of this deal will be similar in cost to the forecast cost of conventional procurement; other factors tipped the balance in favour of PFI
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The deal was better than the alternatives available in May 2000, the cost of the deal being similar to the forecast cost of conventional procurement
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Some general lessons emerge regarding the use of PSCs in the PFI procurement process
Some general lessons emerge regarding the use of PSCs in the PFI procurement process
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In some circumstances the PSC may be a useful benchmark against which to assess value for money in a PFI procurement
Other types of comparison, however, become important for the business decision of whether to proceed with a PFI deal
Departments need to be aware of the limitations of the output of financial models