Development and Maintenance of a Robust Public Sector Comparator

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.