Following the publication of PFI: Strengthening Long-term Partnerships March 2006, and discussions with both the public and private sector, HM Treasury updated the Value for money (VfM) Assessment Guidance. This Guidance superseded the previous August 2004 guidance and continues to be mandatory for all projects.
The Guidance, and User Guide for the Quantitative Evaluation Tool that accompanies the guidance, can be downloaded from the links below. The Quantitative Evaluation tool itself is held centrally by HM Treasury and has been distributed to Departmental Private Finance Units.
The use of this tool with any PFI Value for Money assessment is mandatory, and changes should not be made to the tool without prior agreement of the PPP Policy Team in Infrastructure UK. The tool and corresponding user guide were last updated in December 2011.
The documents are available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.