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  1. PPP in practice: National Savings and Investments’ deal with Siemens Business Services, four years on

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    The PPP deal between National Savings and Investments (NS&I) and Siemens Business Services has improved customer service and has contributed to savings for the taxpayer, Sir John Bourn, head of the National Audit Office, reported today. However, Siemens Business Services and NS&I underestimated the challenge involved. Siemens Business Services has encountered a number of problems […]

  2. NIRS 2: Contract extension

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    The Inland Revenue, when required to make major enhancements to its national insurance computer system (NIRS 2) to accommodate significant legislative changes, decided to award a contract extension to Accenture, its existing supplier. And, according to a report from the National Audit Office, published today, the contract extension: offered better value for money than the […]

  3. 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 […]

  4. PFI: Construction Performance

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    Most construction work under the Private Finance Initiative (PFI) is being delivered on time and at the cost expected by the public sector. Central government has generally obtained a much higher degree of price certainty and timely delivery of good quality built assets, compared to previous conventional government building projects, Sir John Bourn, Head of […]

  5. 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 […]

  6. Ministry of Defence: Redevelopment of MOD Main Building

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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 […]

  7. Preparations for the London 2012 Olympic and Paralympic Games: Progress report February 2010

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    Venues and infrastructure for the 2012 London Olympic and Paralympic Games are on track to be delivered on time for the Games and the cost is currently forecast to be within the £9,325 million budget for the Games announced in March 2007, according to a progress report to Parliament by the National Audit Office. However, […]

  8. Department for Environment, Food and Rural Affairs: Managing the waste PFI programme

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    The Department for Environment, Food and Rural Affairs has recently made considerable progress in increasing the number and size of local authority projects to procure new waste treatment facilities under the Private Finance Initiative (PFI). But, according to a National Audit Office report today, the Department was initially too slow to respond to the 1999 […]

  9. 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 […]

  10. The Financial Analysis for the London Underground Public Private Partnerships 

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    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the financial analysis* carried out for the London Underground Public Private Partnerships cannot, on its own, be expected to show clearly which public or private sector option for managing and funding the Tube will provide better value for money. Sir John […]

  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 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 […]

  13. The Department for Culture, Media and Sport: The Re-negotiation of the PFI-type Deal for the Royal Armouries Museum in Leeds

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    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the Royal Armouries* in July 1999 successfully negotiated a revised deal with Royal Armouries (International) plc** (“RAI”) which ensured that the Royal Armouries Museum in Leeds remained open. The revised deal has also made it possible for the future redevelopment of […]

  16. Child Support Agency Client Funds Account 2003-2004

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    Head of the National Audit Office Sir John Bourn has qualified his opinion on the Child Support Agency’s account for the tenth year running because of high levels of error in the amounts considered as recoverable from non-resident parents. At the 31 March 2004, £976 million was due to be collected by the Agency from […]

  17. The Cancellation of the Benefits Payment Card project

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    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the failure to introduce the Benefits Payment Card had cost the Department of Social Security some £127 million in nugatory system development. Delays in the Card programme, which was part of a pioneering Private Finance Initiative (PFI) project designed also to […]

  18. Financial Auditing And Reporting: General Report of the Comptroller and Auditor General 2001-2002

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    Sir John Bourn, head of the National Audit Office (NAO), has reported to Parliament on the outcome of financial audit work undertaken by the NAO in central government over the past year. Today’s report examines the progress made by government departments in a number of important areas. In 2001/02 resource accounts became the sole mechanism […]

  19. Improving Social Housing Through Transfer

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    Sir John Bourn, head of the National Audit Office, reported to Parliament today on the transfer of social housing from local authorities to registered social landlords (RSLs). His report highlights improvements in the condition of transferred housing and the quality of services to tenants. The report also identifies ways in which the transfer programme could […]