Public bodies should take more care in managing PFI contractsBMJ 2002; 325 doi: https://doi.org/10.1136/bmj.325.7355.66/m (Published 13 July 2002) Cite this as: BMJ 2002;325:66
- Wendy Moore
Public bodies in the NHS and elsewhere are not doing enough to ensure value for money in public finance initiative (PFI) contracts once they have been agreed, the backbench public accounts committee has declared.
PFI projects need better evaluation after contracts have been signed in order to maintain performance and value for money, concludes a report published by the committee this week.
Launching the committee's 42nd report, the Conservative chairman of the committee, Edward Leigh, complained: “Significant effort and expertise is deployed by public bodies in negotiating PFI contracts, but we are concerned that in some cases they seem to take their eye off the ball once the contract is set.” He added: “In too many cases value …