6. The Review has been completed based on a framework of four stages: Planning and Methodology Identification, Gathering and Selecting the Information, Review and Assessment of Information, and production of this final report.
7. Evidence has been collected from a variety of primary and secondary data sources to enable the objectives of the Review to be met. The following analysis has been completed to inform the following key findings and conclusions:
• Literature Review
• Document Review
• Interviews
• Building Condition Surveys
• Lifecycle Cost Modelling & Residual Value Calculation
• Facilities Management & Statutory Compliance Review
• Energy Analysis
• Architectural Surveys
• Discounted Cashflow Financial Analysis
8. It should be noted that since the pilot programme of PPPs, all potential PPP projects must complete a Public Sector Benchmark (PSB) comparison, comparing the cost of the PPP with delivering the same standard facilities and services by traditional procurement. The PSB also values the risk transferred under the PPP model. Due to an absence of a PSB for the Pilot PPP Schools Bundle, this Review is unique in that it considers an actual operational comparator group, the services delivered to that group and the costs associated with it to date instead of a comparator to the PSB model. All subsequent PPP School bundles have completed a PSB, therefore the reviews of the subsequent PPP School bundles would reference the PSB model. As a result of this, the comparison of value for money here is based on the information available and outlined herein and is not comparable to full PSB comparator exercise that would otherwise be undertaken. The limitation on the availability of information, primarily due to the age of the schemes, means that a full VfM analysis is not possible; however, assessment of individual elements is somewhat possible.