The PFI Value for Money Road Map

12. The Road Map highlights the steps that the project team must undertake in order to assess the VFM of a potential PFI investment proposal. The project team must as a first step of the Road Map establish whether the Department needs to undertake the investment to meet a particular need in satisfying Departmental policy as detailed in paragraph 16. If an investment need is identified the project team will need to take a second step to establish whether there is a prima facie case for considering PFI as the preferred procurement strategy. This is accomplished by assessing whether the investment required meets the PFI criteria as set out on paragraph 20. If the project team concludes it has a prima facie case for considering PFI, the project must commence the HMT VFM assessment as detailed in paragraph 21.

If a prima facie case for PFI cannot be established, VFM will be assessed in accordance with guidance published in JSP507.