Search results for 'Commercial and financial management'

Showing 581 - 600 of 634 results

  1. Ministry of Defence: Redevelopment of MOD Main Building

    Report Value for money

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    MOD expects to secure significant benefits as a result of letting a PFI contract for the redevelopment of its Head Office Main Building in Whitehall according to Sir John Bourn, Head of the National Audit Office in a report presented to Parliament today. As a result of letting a 30 year PFI contract with a […]

  2. Ministry of Defence: The Construction of Nuclear Submarine Facilities at Devonport

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    Sir John Bourn, Head of the National Audit Office, told Parliament today that the costs of this project had risen from £650 million to an estimated £933 million. Although the Ministry of Defence originally considered that it had transferred the risk of cost overruns to the private sector, in the end it funded most of […]

  3. Modernising procurement

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    Sir John Bourn, Head of the National Audit Office, today reported to Parliament on Government procurement. Some 1,500 staff spend some £13billion each year on civil procurement across government. Procurement is therefore big business and getting it right is central to the management of any organisation. The report focuses on the scope for improved procurement […]

  4. Community Legal Service: the introduction of contracting

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    The introduction of new arrangements in 2000 for the funding of civil legal aid has led to better scrutiny by the Legal Services Commission of the work of its suppliers and a greater degree of control over the civil legal aid budget, according to Sir John Bourn, Head of the National Audit Office. As the […]

  5. Awarding the new licence to run the National Lottery

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    Sir John Bourn, Head of the National Audit Office, told Parliament today that the National Lottery Commission had a sound basis for its decision to award the second licence to run the National Lottery to Camelot. However, he expressed concerns for the future about the extent of competition and the advantages held by the incumbent […]

  6. Update on the Thameslink Programme

    Press release

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    The programme to upgrade to the Thameslink routes through London has a realistic prospect of delivering value for money but there remains risks which the Department for Transport and Network Rail need to manage carefully.

  7. Use of consultants and temporary staff

    Press release

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    Annual spending on consultants and temporary staff has reduced by £1.5 billion since 2010 when strict spending controls were introduced. However, annual spend is now increasing once more and is between £400 million and £600 million higher than in 2011-12.

  8. Purchasing Professional Services

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    How government departments can get better value for money from the £600 million they spend each year on professional services from suppliers of specialist expertise advice and assistance is highlighted today in a National Audit Office report. It concludes that value for money improvements of at least 10 per cent (£60 million) are achievable.   […]

  9. Review of the Thames Tideway Tunnel

    Press release

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    This report examines the evidence base supporting the decision to proceed with the Thames Tideway Tunnel, a tunnel running 25 kilometres from Acton to Abbey Mills, as well as progress achieved to date.

  10. The PFI Contract for the redevelopment of West Middlesex University Hospital

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    The redevelopment of the West Middlesex hospital should assist the NHS in delivering modern, high quality healthcare in London, Sir John Bourn, Head of the National Audit Office reported to Parliament today. As a result of letting a 35 year PFI contract with a net present value of £125 million to the Bywest consortium, the […]

  11. The Operational Performance of PFI Prisons

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    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the seven operational PFI prisons are bringing benefits to the Prison Service. One of the key benefits is that the existence of PFI prisons has encouraged the public sector to improve its performance. For instance, Prison Service management teams have recently […]

  12. The English National Stadium Project at Wembley

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    The Department for Culture, Media and Sport’s decision to provide additional public funding for the English national stadium project at Wembley is an example of well managed risk taking, Sir John Bourn, Head of the National Audit Office said today. The Department, working closely with Sport England, has thoroughly reviewed the project and taken appropriate […]

  13. The Private Finance Initiative: The Contract for the Defence Fixed Telecommunications System

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    The Ministry of Defence achieved a good price when they awarded the contract for a new Defence Fixed Telecommunication System to BT in 1997, Sir John Bourn, head of the National Audit Office, told Parliament today. The ten year contract let under the Private Finance Initiative (PFI) is expected to cost £612 million with a […]

  14. The New British Embassy in Berlin

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    Sir John Bourn, head of the National Audit Office, told Parliament today that the Private Finance Initiative deal for the new British Embassy in Berlin is likely to provide a suitable building at a price slightly lower than a comparable conventional procurement. The contract provides for the construction of a new Embassy building and its […]

  15. Innovation in PFI Financing: The Treasury Building Project

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    Sir John Bourn, Head of the National Audit Office, told Parliament today that the funding competition used to finance the refurbishment of the Treasury building in Whitehall saved the taxpayer £13 million. The competition resulted in savings of 7% of the cost of the deal over the lifetime of the project and assisted greatly in […]

  16. Ministry of Defence: Non-Competitive Procurement in the Ministry of Defence

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    Competition helps provide value for money and the Ministry of Defence (MOD) uses non-competitive procurement only where there are compelling reasons. It may not always be practicable or sensible to use competitive procurement, however, and over the last five years one quarter of the annual £9 billion defence equipment and services budget has been spent […]

  17. The Radiocommunications Agency’s Joint Venture With CMG

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    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the Radiocommunications Agency* has successfully entered into a partnership with CMG plc**, a global Information and Communications Technology group, which could result in significant financial savings. In June 1998 the Agency and CMG plc established a joint venture company, Radio Spectrum […]

  18. Department of the Environment, Transport and the Regions: The Channel Tunnel Rail Link

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    Sir John Bourn, Head of the National Audit Office, told Parliament today that although the Private Finance Initiative deal for the construction of the Channel Tunnel Rail Link was in many respects unique, the lessons to be learned from the project’s near collapse are not. The report makes three key points. In negotiating with the […]

  19. Health and social care integration

    Press release

    Published on:

    The Better Care Fund has not achieved the expected value for money, in terms of savings, outcomes for patients or hospital activity.