PFI projects are not providing value for money because they are being 鈥渦ndermanaged鈥� by public sector managers, MPs have told the government.
A report released on Tuesday by the Commons鈥� Public Accounts Committee said: 鈥淣egotiating good deals is important but managing them well afterwards is key to value for money.鈥�
It cites poor management of project changes as a key reason for the lack of value and calls for the government to tackle the problem. In 2006, changes on PFI projects cost 拢180m.
More training should be put in place to support public sector contract managers in managing project changes, the report says.
It points to a lack of competition on project changes, with only 27% of changes over 拢100,000 being subjected to competition.
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