Value for Money and Affordability of the Reference Project

The Local Authority has completed a financial evaluation to establish the likely costs of the Reference Project.  A comparison of the costs of traditionally procuring the project, the Public Sector Comparator (PSC), with the PPP Reference Project has demonstrated that the chosen route clearly offers Best Value.  The costs of the Reference Project were estimated by the Local Authority using its own information, the results of a soft market sounding exercise with private sector suppliers, and have been compared with the anticipated costs of similar schemes in other Local Authorities.

[The NPV of the PPP Reference Project £ x Million]

[Insert other details as appropriate, such as details of the major cost categories, details of the affordability computation for the project etc.]