Public private partnerships
Section 1 - Value for Money
Following the publication of PFI: Strengthening Long-term Partnerships March 2006, and discussions with both the public and private sector, HM Treasury has updated the Value for money (VfM) Assessment Guidance. This Guidance supercedes the previous August 2004 guidance and will be mandatory for all projects from the CSR2007 period.
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 Corporate Private Finance Team, HM Treasury.
Further information regarding the outcome of the Stage 1 assessments will be available as part of the Departmental Investment Strategies to be published in 2007.
This guidance has benefited from a wide range of contributions from both public and private sector parties.
The document 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.
Media links
- 1.1 Value for money assessment guidance (PDF 381KB)
- 1.2 Value for money quantitative assessment user guide (PDF 378KB)
- 1.3 Value for money quantitative evaluation spreadsheet (Excel 3.35MB)
Public Private Partnerships / Private Finance Initiative index
