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uin	25812
hansard heading	Private Finance Initiative

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Search Results

registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

450314

registered interest

date

03/02/2016

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

hansard heading

Private Finance Initiative

house id

legislature

25259

	pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, what progress his Department has made on the replacement of the value for money assessment quantitative assessment tool for comparing private finance and conventional procurement options; and which PF1 and PF2 projects used (a) the original value for money assessment quantitative assessment tool or (b) any replacement tool.

tabling member constituency

Walthamstow

tabling member printed

Stella Creasy

uin

25812

answer

is ministerial correction

date of answer

08/02/2016

answer text

The Government’s approach to appraisal is set out in the Green Book. This provides a common, standard method for comparing all public spending decisions that use central government funding; the approach to appraising potential PPP projects is consistent with this central guidance. The quantitative assessment tool was in place from August 2004 until its withdrawal in December 2012, all projects which commenced between these dates should have used the tool. For details of specific projects during this period, please see the spreadsheet ‘Current projects as at 31 March 2014’ at the following link: https://www.gov.uk/government/publications/private-finance-initiative-projects-2014-summary-data A replacement quantitative assessment tool has not been issued by HM Treasury due to the limitations of standard models; since December 2012 procuring authorities have undertaken appropriate quantitative assessment in accordance with the principles set out in the Green Book.

answering member constituency

Chelsea and Fulham

answering member printed

Greg Hands

question first answered

08/02/2016 16:35:23

answering member

1526

	label	Biography information for Greg Hands

tabling member

4088

	label	Biography information for Stella Creasy