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The Journal of Structured Finance

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Primary Article

Development and Maintenance of a Robust Public Sector Comparator

Douglas Lamb and Anthony Merna
The Journal of Structured Finance Spring 2004, 10 (1) 86-95; DOI: https://doi.org/10.3905/jsf.2004.86
Douglas Lamb
A graduate civil engineer and doctoral candidate at the Centre for Civil and Construction Engineering, University of Manchester Institute of Science and Technology (U.K.).
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  • For correspondence: d.lamb@postgrad.umist.ac.uk
Anthony Merna
A lecturer and research consultant in the Project Management Division of the Manchester Centre for Civil and Construction Engineering, University of Manchester Institute of Science and Technology (U.K.).
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  • For correspondence: anthony.merna@umist.ac.uk
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Abstract

Privately financed projects (PFPs) are accepted as a viable alternative to traditionally publicly delivered service. This article describes a mechanism for the development and maintenance of a robust public sector comparator (PSC) model, linking the PSC to a typical privately financed procurement process and its value and risk management techniques. Finally the article outlines how the PSC can be used and maintained to support the contract negotiation phase of PFPs through a quantitative value for money (VFM) assessment. The aim of the robust PSC is to show the impact of a PFP on VFM.

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The Journal of Structured Finance
Vol. 10, Issue 1
Spring 2004
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Development and Maintenance of a Robust Public Sector Comparator
Douglas Lamb, Anthony Merna
The Journal of Structured Finance Apr 2004, 10 (1) 86-95; DOI: 10.3905/jsf.2004.86

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Development and Maintenance of a Robust Public Sector Comparator
Douglas Lamb, Anthony Merna
The Journal of Structured Finance Apr 2004, 10 (1) 86-95; DOI: 10.3905/jsf.2004.86
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