Download or read book Benchmarking and market testing the ongoing services component of PFI projects written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2007-06-06 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of the 500 PFI contracts, that are in the operational stage, over half have a provision for periodically testing the value of certain services such as catering and cleaning. In most contracts the exercise will be undertaken every 5-7 years and the value testing could be done either by benchmarking or market testing. This report is based on an examination of the contractual provision of 34 PFI contracts to assess their expected effectiveness. In addition 11 projects that had already undertaken value testing were also examined. It was found that some of the initial cases of value testing showed value for money was being achieved but in other cases the outcome was uncertain.