7.26 The Government has developed an Infrastructure Procurement Routemap, in conjunction with infrastructure clients, industry and academics for the delivery of major economic infrastructure projects and programmes, which will be published for consultation in January 2013. Building on this, and to address weaknesses in appraisal practice, the Government will extend the existing Value for Money Assessment Guidance3 to cover a wider choice of contracting options.
7.27 The extended value for money guidance will set the alternative contracting structures in context, alongside PF2, explaining the delivery options available, how these work and when they are most suitable. This will assist procuring authorities to understand better how the private sector can be engaged most effectively based on the risk characteristics of a particular project and to make more informed decisions. The updated guidance will be published for consultation in spring 2013.
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