11. The value testing of services should assist the Authority in ensuring that continued value for money is achieved from the PFI contract. Unlike other value testing mechanisms a VFM Review cannot result in an increase to the unitary charge and does not protect the Service Provider from any underlying cost increases.
12. Successful value testing could result in other tangible benefits such as:
• Improving performance and innovation
• Improving quality and productivity
• Improving efficiency
• Improving performance measurement
• Refining best practice
13. The approach recommend within this guidance is supported by the NAO Framework for evaluating the implementation of PFI projects (2006) and is consistent with the approaches of OGC Gateway 5 Reviews and the Project Evaluation guidance contained within JSP 507. The VFM Review Report will therefore meet the requirements of both of the above processes if submitted to PUK and DASA/DESA along with covering notes in the appropriate format.