Part 2 In getting the best available PFI deal the Trust applied common sense and learnt from experience
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The Trust expects net benefits from this PFI deal
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The financial comparison between the costs of this PFI deal and conventional procurement is not clear cut, but this took no account of other benefits
The financial comparison between the costs of this PFI deal and conventional procurement is not clear cut, but this took no account of other benefits
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In estimated cost terms, this PFI deal is similar to conventional procurement
There are inherent uncertainties in the comparison
The Trust's initial comparison showed the PFI price slightly higher than the cost of conventional procurement; the Trust and KPMG considered it important to re-assess details of the risk analysis to ensure they were properly reflected in the PSC and consistent with previous experience
The emphasis on the detail of the cost comparisons took no account, and indeed masked, the broader benefits of the PFI deal