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What the CBI report is due to say...
00:00 11 Jul 1996
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Tomorrow, the Confederation of British Industry will publish its
report into the PFI "Private skills in public service: tuning the
PFI" which will say:
l PFI is in urgent need of tuning and better management.
l There is "deep frustration" at the waste of resources as the PFI learning curve is scaled
l Bidding costs should be cut by at least a half. Costly elements of contract negotiation should be handled only between the preferred bidder and the client.
l Bidding timescales must be reduced. One way to do this is to cut the legal detail on which agreement is needed - a major cause of delay. Another method is to involve potential bidders in pre-tender discussions.
l No more than three or four companies should be shortlisted and asked to produce full tenders.
l Streamlined procedures should be introduced for projects that are less than œ10m.
l More detailed guidelines are needed on key points.
l Greater effort should be made to get deals signed.
l A menu of standard and model contract terms and clauses is needed.
l Bureaucrats need clear guidance.
l PFI is in urgent need of tuning and better management.
l There is "deep frustration" at the waste of resources as the PFI learning curve is scaled
l Bidding costs should be cut by at least a half. Costly elements of contract negotiation should be handled only between the preferred bidder and the client.
l Bidding timescales must be reduced. One way to do this is to cut the legal detail on which agreement is needed - a major cause of delay. Another method is to involve potential bidders in pre-tender discussions.
l No more than three or four companies should be shortlisted and asked to produce full tenders.
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l Streamlined procedures should be introduced for projects that are less than œ10m.
l More detailed guidelines are needed on key points.
l Greater effort should be made to get deals signed.
l A menu of standard and model contract terms and clauses is needed.
l Bureaucrats need clear guidance.
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